Opt in window for people to decide from Jan 6 to 16 if they want to leave, if not, people will be chosen to leave.
2% reduction…
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So it looks like this is over? Anyone hearing of additional phases?
@9gc was tariffs cause of this layoff? I think even without tariffs, Alcon loves laying off
@9fh restructuring claimed savings will come from "operational improvements" and "SG&A efficiencies". Do wouldn’t downsizing unnecessary contractors the next move?
@9er Not the same way. Contractors are operational expenses, which take longer to realize. Reducing headcount especially higher cost employees via ISP and VSP are deeper, immediate, and have a longer term impact on bottom line, by reducing payroll, related taxes, and benefits.
@9dc still affects the bottomline
@8ke There are still some rumors that there is going to be another round of LO before the end of the year.Not sure how far this is true.
Contractors are a different budget.
Alcon can lay off their contractors instead of full time employee.
@9av law says pregnant workers should be treated the same as non-pregnant employees with similar abilities. So can be laid off like a non-pregnant employee.
Burden of proof of discrimination is upon her.
@9at manager probably a dude, or a dud in this case
@9ak if she was laid without performance issues then the timing it of all is very unethical, unless they paid her for the entire maternity leave benefit.
@8my yes some associates who were either pregnant or going on maternity leave soon were also laid off.
I get the feeling they are trying to eliminate Alcon R&D all together long term and replace with acquisitions/acquired R&D teams. This would enable innovation that Alcon seems to lack. Pure speculation of course.
@8n1 CA sites got hit as well, cr-ppy day, I wonder how many other sites experienced ISP last week. This is only the beginning, I suspect another wave in June if stocks don't pick up.
@8c4 you know the generation that is fkn us is the Boomers right. ELT, key shareholders are all Boomers. This isn't the older millennials
@8ky yes it was the same as the VSP package
@8vs for this year this is it.
Was this (VSP and ISP) phase one, and more phases to follow?
@8ed all of the above
HTX got hit hard today. Supply chain, quality, engineering. People with decades of tenure at Alcon
@8mm do you know if anyone on maternity leave was affected?
A bunch of people who are on leave, got let go today.
Does anyone know if they will include a package for the involuntary lay offs today? Sorry for all those involved... wish you al the bes t<3
Lots of IT directors sending out of office replies.
@5cn
Involuntary layoffs just started. Won’t reveal my office but we just had a few people get notified. So phase 2 is now
Heard that R&D is on the chopping board…
Is the package for non voluntary the same as for voluntary?
Just got a msg from my supervisor that CEO and the local leadership will send some email to us (no details or context was provided). They said they will check in with the team tomorrow.
I’m a non-USA associate.
@i can say all the situations listed .For example they have let go couple of associates due to performance.I believe this is counted in the 2% head count reduction.
Does anyone know if people getting ISP will mostly one, or for any of these situations: elimination of position (i.e RIF), "repurpose" of headcount (title, band, job description change), or performance?
I started in Alcon in 2006 toward the tail end of the boomers. I witnessed how good they had it when it was owned by Nestle, I only got a small taste of the good life then blaaam the rug was pulled and the boomers pulled up the ladder behind them. Now they are still fu--ing us, the most selfish generation ever.
The 27th has come and gone. However ELT has been very visible. If the rumor is Thurs 3/5 I guess we will find out. This is the last month of the 1st qtr
“Alcon paid CEO David Endicott $13.2 million in 2024, including a $1.3 million salary, $2.2 million for short-term incentives, $8.1 million long-term (2024-2026) incentives and $184,504 worth of pension and insurance contributions.
Endicott also received nearly $1.4 million for other compensation including a transportation expenses and/or global mobility benefits.”
While an average Alcon employee stresses over not losing their job. What changes have been made by leadership to hold themselves accountable ? Will any senior leader be held accountable for the global outage ?
Between 27 feb to 6 march, involuntary expected to start? 6 march is the last day of work?
Cafepharma message board claims 3/6
@4jg Surgical Instrumentation
@aw expected Starting Feb 27'th onwards
@5cn Starting Feb 27 onwards
Anyone have a word when involuntary may start?
@4en, which projects/product line is impacted? Surgical, vision care? Are we seeing a pull back on R&D funding and outsourcing engineering to the India site?