Maybe if they cut enough team members and expenses, they can keep spending those savings to poorly acquire companies that they inadequately onboard where zero synergies are realized (cough Pharmalex, Profarma, AH cough).
And then promote every member of HR and M&A annually while telling the rest of us there’s no more money for compensation adjustments or promotions. Cool cool.
Business will definitely take a hit. What US business wants brand new people in a different time zone, who can't speak english to take over for seasoned employees who have been at Cencora for years.
@17c find another job! They clearly don’t want American workers. It’s all being sent to India.
@17c they never are transparent. They want you to stick around until THEY are ready to let you go. It really makes no sense though. I already see workers scrambling to figure things out. I think after all is said and done they will end up bringing back people located in U.S. It might not be for years but business will take a hit and they will reverse course.
Worst of it is no transparency. None of us have any idea how we are supposed to operate as normal with the mass layoffs of US workers being let go. Also, How these acquisitions are going to affect us in the future. They just treat us like children.
Bobs pay will double. He doesn’t care about you
@100 Agree ever since Bob took over, the culture is horrible, everyone's jobs are getting offshored. Cencora's prior core values are out the window. We are losing our jobs to people overseas who have no idea how to do them. But here we go! At least Bob will be saving money, so there's that.
@12r I've been here a bit longer and am going to wait until my day comes. 10+ years should yield a pretty decent severance. Maybe they'll go the route of MS and do a mass early retirement offer.
@100 been here for a decade and searching for position elsewhere. Many of us see the writing on the wall and aren't trying to stick around any longer than necessary.
They used to genuinely value their long tenured team members (or just team members in general) under Steve. Bob came in and gave this garbage line of "gaining an outside in perspective" which really just meant that you throw out your best team members so you can hire new ones externally. Well, they don't understand the business and have radically changed the culture for the worse. Good luck retaining team members who know they're not valued, and then best of luck keeping customers who have to deal with new team members who don't understand the complex dynamics of the business. I hope the Board finally sees who Bob truly is and walks him out the door.
@py extremely heartless. They laid off several people just that I know in my small circle who are on FMLA. They do not care about their employees.
@cn company is heartless. Had a friend who got laid off there and she said I have 3 kids what am I going to do. Apparently the HR person said “oh well”
@OP Well said. I genuinely don't know how these executives sleep at night, proudly announcing company acquisitions while simultaneously laying off loyal employees who have dedicated decades of their lives to the organization, only to replace them with lower-cost labor overseas. It's incredibly disheartening to see such little regard for the very people who helped build these companies into what they are today.
@OP pretty much! I guess we can expect more layoffs before the holidays.