This is a master thread about Henry Schein layoffs? Any chatter, news or rumors?
63 replies (most recent on top)
@swc Had lunch with a manager yesterday after Friday Melville A/R will only have 2 employees left. Said by years end that entire dept will be in India , same with Customer service. KKR will most likely break the company up in the near future.
@swc Thank you for the heads up, I'm out on the 3rd.
@svs For anyone interested I received my release letter Saturday. If you're an hourly worker the company pays 100% of your health ins, you don't have anything deducted from your severance. You do get the 401-k contribution in August as that's for year 2025. They pay you your Quarterly bonus and all unused vacation up to 160 hours. I get the full 52 weeks severance since I was there 21 years. That will take me to retirement, no more working for me and get paid till July 2027.
@rr6 Anyone know how many were let go in the first round Melville ending July 3rd. Heard a rumor of 400.
@sr4 I agree, those ridiculous BLM, LBGQ speeches were a joke. Like many of us older folks cared about that nonsense. I left on the 19th and couldn't be happier to be out of that place. Don't need the job as I have a good pension and life long benefits from my previous job. Can't wait to watch the place get broken up and sold off.
@rr6 I'm out on the 26th, and won't miss that woke company. I'm retiring old enough for Social Security, so this couldn't have been better. No more butt kissing, free at last!
@qh3 Well first round to leave is this Friday the 19th, That's my last day, then another group on the 26th and finally on July 3rd. This is the group that was given notice on May 4th
@qcf Heard from a manager in Melville that customer service and A/R will be completely gone by Fall ann to India. Few that made it through June will be gone by fall. They're just there until India takes full control.
The first wave was massive, and it's completed by October. I believe the second wave will hit January, and it will include other departments.
@q6v everything at Henry schein is and always has been favoritism so why not this
@pck No logic on who gets laid off and who goes first. I'm 65 and would love to save one of my co workers who is only 55 and last day is the 26th. I most likely earn more, have a few less years on the job than her. I asked my manager and she says she doesn't have a say, I call bullcr-p. Is it favoritism?
@q3k 4 weeks
@n4c Did they say how much notice we would get if the date gets pushed back?
Subsidiary companies are getting the layoffs, satellite company HS1 had layoffs this week from what I’ve heard.
@pba sales support, customer service, AR team, dropship and medical order entry, all be reduced gradually
@pb2 Melville , many more to come.
@p8s A/R second wave.
@p87 what departments?
Layoffs today
This wasn't the new CEO, it was Stan. Been in the works for over a year. Stan jumped ship with his golden parachute.
@mqh I'm also retirement age, prey I get laid off. If I retire I get nothing if I get laid off I get severance. Not stupid will wait for the axe. I have 11 years that's 33 weeks severance. Heard there will be another wave coming August /September. Schein is no what it was anymore. KKR will destroy this company and sell off the scraps.
@n2j My manager told me today she heard the India transition is not running as smooth as they hoped. Don't be surprised if the lay-offs aren't pushed to a future date.
@n0p It's 3 weeks for every full year worked, with a max of 52 weeks and a minimum of 6 weeks.
@mzv did they disclose how much severance you're getting? I'm seeing conflicting information out there. One person thinks they're getting a year (didn't disclose position or tenure) another said they've worked there for 5 years and were told 2 weeks. Yet another said they won't know until theu see tje agreement
This is what I was told when asked HR with a few questions. I thought this one had some good info any of you might all like to have who are in the first wave of lay-offs. Of course, the dates will vary depending on each of our final work dates. You may have already done this yourselves but wanted to share just in case.
I did follow up with a question about contacting her after our release date with any questions. Haven’t heard back yet, but will let you know.
I just wanted to confirm that the release that is mentioned several times is the General release we will receive on or after our last day??
Yes that is correct - here is a summary of important info that may be helpful related to timing of receiving the severance release agreement:
Severance documents are available in Workday as of the day after your last day worked, June 27th
You will receive an email on Saturday June 27th sent to your personal email address on file in Workday that includes instructions on how to log into Workday to access your severance. Since you are separating employment, you will need to create a new username and password to login to Workday and access your documents.
o Your severance will be available on June 27th and you will have 45 days to review the agreement, have it reviewed by an attorney and sign the agreement if you choose to do so.
o Once you sign the agreement within the 45 day window, there is a 7 day revocation period that begins in which you can revoke your signature if you wish.
o Once that 7 day period expires, the document is considered fully executed and is sent over to our payroll team so they can begin to process payments.
o Please note, severance agreements are sent over once a week and there may be a delay in between once you sign your agreement and payroll begins to process the payments.
@mqh Henry Schein is being rebuilt from the inside out thanks to KKR. Is our industry ready for what comes next?
But right now, private equity firm KKR is reshaping it fast, they want profits:
▪ Board cut from 15 to 10. Pharma, life sciences, and insurance voices replaced by PE, software, and logistics.
▪ KKR's voting power increased from 13% to 21%
▪ Ownership cap quietly raised from 14.9% to 19.9%
▪ C-suite compensation now tied to earnings. Pressure to cut all costs and expand margins is real.
This isn't subtle. It is a deliberate transformation from a high-touch, relationship-driven model to something leaner, more AI, and more data-driven.
Some will call this progress. Others will see it as a massive warning sign.
Here is what I am genuinely curious about:
🔹Does this open the door for nimble competitors to capture the relationship-driven clients Henry Schein leaves behind?
🔹 Or does the PE model win and do other distributors in our space follow suit to stay competitive?
🔹 And what does this mean for the commercial sales talent that has built careers inside companies like this?
This is what happens when profits are more important than your employee's.
@k53 Well we had 6 good years of working from home. I must say it was a breeze taking breaks every hour watching my favorite shows and getting paid for it. I'm retirement age so when I get laid off I will careless. I made 23 years and made it to age 65. Give me my 52 weeks of severance and good riddance to Schein, their days are numbered.
@me1 you mean a GED? Which is essentially the ACT? Obviously they were competent enough to hold a job this long before corporate greed took over. They could have also gone to college with a GED. They could also be perfectly intellectually and mentally capable of being successful in corporate with a GED alone. It doesn’t take a rocket scientist to do what you do. You’re a judgmental pr--k and your grammar and spelling aren’t top notch either. If you took your nose out of the air you’d get less nose bleeds.
@m85 I recently as well as a few other of my coworkers sent congress and Trump a letter stating that Schein a supplier of medical supplies to out military are no shipping jobs to India. The administration has stood on the fact of bringing jobs back to the U.S not sending them to India. Might do no good but letting them aware of this can't hurt.
@mbz You don't need to know how to spell to work at Schein. My coworker in A/R on had a high school equivalency. To get a job there it wasn't what you know but who you knew.
@mbz they aren’t but enjoy your air pollution buddy
@m0h Why waste good money on a lawyer? Take the deal or face the wheel of getting nothing.
@m85 spelling is certainly not your forte. I bet our new Indian workers will be smarter than you
@k9t I'm lucky to have made it through this first round of layoffs. Moving A/R and customer service to India will be a big mistake. Customers have a repour with certain agents , having foreigners handle there issues they'll lose that personal touch, especially since the competition is still using U.S workers. Customers I deal with say they'll go elsewhere. 1 said are they going to cut their prices now that they're saving money!
@kxs Make sure you have your severance agreements reviewed by a lawyer before signing, Never trust what an HR person tells you, they're only puppets.
My husband said this was an easy call since everyone was kept on remote working. Majority of companies had their employees return to office, when you have remote workers it shows the job can be done anywhere. Geico laid off 1/2 it's employees after covid when they realized they didn't need in office workers. I was a causality of the recent lay off in AR. Just pushed me to start collecting social security I'm 64. A shame to see a company I worked for the last 14 years go down the drain, but that's what this CEO wants guess from pressure from KKR.
Hello there, this is your new CEO and I am here to make lots of profits so that I look really good and the only way that can happen is if I outsource all of you. Don’t worry I will make a lot of money!
@kdw Heard by 2027 all of AR and customer service will be in India. It's being done in stages with all in India by years end.
@ker North American Rescue lost its Accounting team. An American made company with strong ties to the DOD is now being jeopardized by outsourcing . Makes no sense at all.
@h3h KKR is no different than Cal Icahn or any of the other cooperate raiders, they're only in it for the money and break up value. Henry Schein will be sold off in pieces as time goes along. A director in AR told me off the record That anything that majority of jobs will be sent overseas in the months coming.