Any insight on what this message means?
"[We will be] initiating a two-year, $200M "cost-out" program that simplifies our matrix, improves agility and decision-making speed and enables greater investments in growth of New BD."
13 replies (most recent on top)
@2zv every initiative they have tried has targeted those exact deliverables and failed to do so. You cannot get efficiencies from employees who have been systematically removed from understanding their jobs and the systems that support them through "initiatives" that presuppose that every efficiency comes from ripping end to end process into outsourced transactional process chunks. No one at BD knows the end to end process of anything or how processes impact each other. Once upon a time BD had talented employees - now they have skeleton crews and outsourced key punchers. It is sad to witness. Glad to be gone
BD is following suit of many other companies who have/are doing this. Johnson & Johnson, GE, Bayer, etc. This is to boost efficiency, focus, and adaptability, and tackle poor performance. Many in the C-suites are from those same companies. The smaller companies are more attractive acquisition targets. Beware if your unit does not achieve expected targets and be prepared for further sell offs. Don't fool yourself, everyone is expendable to make a profit and keep TP his position.
Isn't it obvious? It means more layoffs are coming while executives give themselves hefty bonuses.
BD is a company that is completely hijacked by low IQ corrupt folks, so don’t have high hopes on this organisation.
Aka. Shitcanning season is upon us.
@rs This is the most accurate post I've ever seen on this site. You hit the nail on the head.
@sx most VPs and senior directors are non-contributors or negative contributors. Letting them go would bring double benefits.
@OP Cost out means layoff offering package. Simplify matrix means less levels of management review to approve decisions.
$200 million not even close to make it happen properly. The directors and vp’s are where the cuts are needed on those non contributors. But unfortunately historically the cuts remain at the lower levels.
@rs What went wrong? It started with a poor CEO choice, which triggered a chain reaction. Leadership is full of incompetent and dishonest people. Vendors take advantage of them daily because most leaders don’t understand what they’re dealing with. Vendors charge us $100 for items worth less than $20, then offer a $5 kickback.
Any young energetic employee wants to build something meaningful should immediately look for other alternatives; if someone stays more than 5 years, he/she will adopt ‘BD ways’.
It wasn’t long ago BD was a place to work until you retire. It was a large family. Several thousand employees devoted their career lives to the mission and saving lives. Nice pension, good benefits. Today’s company is not the same BD. The focus is on how many roles to cut and benefits to reduce to meet next quarter’s target. HR/communications works in the background to craft manager talking points to make things sound right.
Outsource everything possible is the current theme. Even if it has never been tried, they will aggressively give it a shot to save a few bucks. Employees seem not as valuable as the prior management demonstrated.
Everyone needs to realize your time is one of the most valuable things you have in life. You are selling your time to your employer. Decades of dedication no longer matters. Spend your time where you are valued.
@bf I heard a bunch of jokers went to India to set up a big offshoring deal and cash in on the commission.
Anyone who’s actually good at their job will be pushed out and swapped with cheap vendor staff. Meanwhile, the so‑called “leadership” will promote themselves to boost their salaries, all while pocketing bigger kickbacks from those vendors.
After a few years of this nonsense, the company will be sold off, and some of those “leaders” will happily retire. This place really has a soft spot for clowns.
@OP remove people, even if it means important knowledge and skills go out the door, while you expect those who are left to carry on like nothing has happened because expectations are not changed. When things go south, blame them because they didn’t step up and cover for that lack of foresight.