Thread regarding Henry Schein Inc. layoffs

@1dbv record q3 for KKR released today. Yay KKR.

@1d9b This is what happens when new executive management makes big decisions without understanding how things actually work. They let go of good people with many years of experience, then try to bring them back when it doesn’t work. I was also asked to come back, no thanks. The leaders I knew and trusted are gone, and I have no interest in working under the new management. It’s sad to see what this company has become.

@1d93 I'm 62 so I can collect ss now. I'm just going to ride out the severance and then apply. My severance runs until next July so I'll be that much closer. Not actively looking but if I stumble upon something close to the house I'm good.

@1d93 That's what I did take the severance till next July and stared to collect Social Security, severance doesn't effect social Security. 5 were let go on my A/R team in June. 3 of us were Social Security age with 20 + years on the job so we got the full 52 weeks of severance. The other 2 were only here a couple of years and their severance ran out so went on Unemployment. Those 2 were called back from the employment agency for a 3–4-month temp position, No benefits. They had no choice if they declined unemployment would stop. But from recently speaking to them they say it's a complete disaster.

@1d72 I really don’t see why anyone would go back unless they were hired recently and didn’t get much severance. The work is probably even worse now with fewer people doing more. And if you can’t keep up, they could just fire you. Then you might lose your remaining severance and have trouble getting unemployment. From what I’ve heard, they’re mostly reaching out to people who already used up their severance and are now on unemployment. They’re also going through temp agencies instead of hiring people back directly. That tells me they probably have no plans to keep these people long term. KKR only cares about making money, so I wouldn’t count on any job being safe. If you’re close to Social Security age, I’d take the money and move on. I don’t see things getting better there anytime soon.

@1d6j I was called to come back and took one look at the leadership team and it was an easy no. No loyalty no thanks. The people who cared ab

@1d5k this is very very sad to read because it is accurate. Cfo ceo coo who cares. The place is dead.

@1d5k whole place is just a pe exercise now. Let’s stop trying to care because there is nothing to care about. It’s not what we came to enjoy working for. Long gone. People left are scavengers

@1d56 crazy to go from Teddy Philson and high values to PE CFO within 10 years. Teddy would be ashamed.

@1d57 be real, this has been happening well before the new ceo and other leaders. These guys are just puppets

@1d56 it is not just the CFO. Like others have shared, it’s everyone who was valuable to the company prior to the KKR. The new CFO is nothing but a KKR plant

@1crq You are not kidding. This place will be gone within the next few years and sold for parts. All of leadership who has a soul is being exited. There is no team Schein culture anything anymore. Apparently we had a great quarter but the CFO is leaving?!??! Whoever they put up there now is simply a plant hes not even from this industry. Robot .It is sad to watch this but there is a part of me that will find peace it.

@1crq I'm back for the 4 months had no choice Unemployment sent me. Place is a mess I'm in A/R and now trying to teach us a program called Radius, and India program. Why the he-l should we learn their garbage! Goes to show that this is not an American company any longer. I as others have no clue what we're doing. I'm only here for 3 more months why are they pushing this on us I'll never know.

@1bwy Reading these posts just tells the story of the end of this company, the steady dismantling will lead to it's eventual end. I retired when I was let go in June and couldn't be happier to be out of that he-l hole. I spent 20 years there and watched it year by year get worse. Retirement is great!

@1aqq Just heard that the HS sourcing team is next on the chopping block. Going to hit positions worldwide but mainly US team. Next week HR will start notifying them they are gettinglaid off by end of year. HS management team is restructuring how products are sourced with emphasis on acquisition and strategic partnerships. Happy New Year right!

@1afw 2 from AP were called back to retrain. It seems most of the replacements either quit or were fired. Same deal, only four months

@19kx Ok I was called back from my unemployment agency. 6 A/R and I heard 4 customer service were called back for a 4 month run. I manager swears it will be eventually permanent, but we all know how they lie. I've been back 1 week in A/R and I can tell you it's a disaster, many accounts haven't even been addressed since the June layoffs. Whomever thought of this idea should be fired. India failed, period. The workload thrown on me is ridiculous. I will never be able to handle all these accounts. I could be wrong but unless they reverse the mess they caused this department will fail. I'll do only what I can, customers want their old reps back.

@19fh Being on Social Security is also a way of double dipping. Getting severance at retirement age is the greatest gift you could get.

@19cx Well I'm 62 and collecting,2,400 a month Social security. I checked with my lawyer, and I don't have to return even if called because I'm now on Social Security. I can continue to collect my severance till it runs out mid July 2027 without it effecting my social security. If I was to work I would lose a portion of my SS, legally they can't make me return, and they can't stop my severance, I'm retired!

@19a8 some people still getting severance are also getting called, so they can double dip.

I've heard that they are only hiring people from a temp agency. Some are only work 12 hours a week. Doesn't seem like it would be worth the headache to deal with the stress and no job security.

@1989 There is no incentive to return back, unless you had no severance due to recently being hired in the last few years. The workload is most likely worse than when laid off and it could give them an excuse to fire you if you can't keep up, in that case you would lose whatever severance you have left and possibly lose the opportunity for unemployment. From what I've heard they are only asking those that have exhausted severance and are on unemployment to return. They are going through agencies not calling anyone back directly, and doubt they would take anyone back permanently as KKR wants profits. Anyone near social security should take and and forget the place. They have no long term future.

@18j5 so what incentive is there for anyone to come back beyond making a little bit of temp money? You’d be better just living off the severance. For those who stayed, it seems even worse since they got to deal with all the fallout PLUS no severance or chance to double dip. Only winners here are true retirees who just needed a little push.

@18hw If you're called back through an agency. If Schein rehires you your severance stops along with you paying into your benefits again. If you decline the offer they can stop your severance. You would return to your old position but as a new hire. meaning no time off built up. Read your severance agreement that's how it would work. If your laid off again you would only receive what balance, you had left on severance.

@18fz goes through a temp agency. You get paid by the agency so you don't lose your severance. It's not extended but you can double dip.

@18ca I'm curious how a call back would work when you're on severance and fully paid benefits through July 2027? Anyone have a thought?

@1884 They have started calling people back. I was laid off June 26th and got a call from HR asking me to return. Not temporarily, but at my old position. Speaking to a fellow employee that was on my team she said they are losing accounts like crazy, India has given them the cold shoulder treatment. This is backfiring on schein. Accounts miss their old reps and are annoyed on how Schein treated those that were let go. Like she said a few accounts said how come they didn't lower their prices when they shifted to cheaper workers.14

@186t lol, Company is a complete failure. They can kiss my Arss , they let me go at 65 I'm officially retired, started Medicare and social security. I wouldn't go back under any circumstance. Let HR ask. Fools have no clue what they're doing.

@184w Let me set the facts strait. I am still employed in A/R at Schein. Yes India is not working out, customers want their old reps back and feel they're not getting the personal touch they use to. I hear it all the time. Right now those of us here are handling the large accounts, we were supposed to start shedding them off to India, but since they are having issues with the smaller accounts that's been put on hold. We are overwhelmed. What Schein has done is send jobs to temp agencies. If you were laid off and have applied to a temp agency you have a good chance of being offered a temp position, no benefits. They are not calling back anyone directly, at least not yet. Honestly, they should, but it wouldn't be fair to call someone back who's been collecting severance for 3 months while we were here ki-ling ourselves, but the way this company is being mismanaged anything is possible.

@184r Heard the same today, you beat me to posting. India has become their biggest mistake. Customers are leaving schein. Whomever made this decision should be fired, Today they started calling people back, Whether they come back or not is the question, some have moved on others started collecting social security. A/R is sinking and bad.

@15h0 Ok as we figured my director told me today India is not working out. They started calling back people the laid off in June. First they said only for 4 months, then my manager said it will most likely be permanent. India has become a disaster, falling code red.

@159t KKR and the new CEO are slowly destroying us. Investment firms don't care abut anything but profits, employees are all disposable. Love my managers that are brainwashed into thinking it's all good. They'll get the boot like the rest of us.

@10xk as an AR rep for a HS vendor - NOT GOOD

@13wa A/R in Melville will be completely sent to India by years end. Right now there's a few handling large accounts but those will be handled by India as well soon. Got the word today, no firm date as of today.

Mohamed Ali.

Any updates on subsidiary companies?

@13pp My manager told us last week that the next round will happen early Fall. No specific date. I'm in Melville.

I heard the next round is coming up, can anyone confirm.

@12xs we are. But I bet you that this place loses the new TSMs too. Voluntarily. It’s just a matter of time before the younger start walking. Once they realize they can all do better, this place will be in a HR crisis.

@12w0 well articulated. I am glad to never have to see anybody from this company’s leadership team another day of my life. They won’t be here long anyway.