Thread regarding Thermo Fisher Scientific Inc. layoffs

More CRG cuts

Have heard through grapevine there are more cuts for CRG folks coming early August. Apparently even billable staff.

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| 3041 views | | 11 replies (last July 11, 2023) | Reply
Post ID: @OP+1nqJZ1fn

11 replies (most recent on top)

Billable staff = employees that work mainly on projects that are billed to a client/sponsor. CRA = billable, Line Manager = nonbillable

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Post ID: @8qwt+1nqJZ1fn

There are close to 100 clinical staff let go in Russia. CRA, CAS, CTC, line mgr

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Post ID: @8drj+1nqJZ1fn

What does billable staff mean?

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Post ID: @8reh+1nqJZ1fn

thanks for the info, any more details and numbers/dpts? they are definitely checking redundancies and that wilmington lease article shows cuts through fall

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Post ID: @3crz+1nqJZ1fn

TMO announced that they spent $1 billion to buy CorEvitas, so that now explains why they had been calling these roles they are chopping at CRG redundant. I’ll suppose the rest of us with overlapping positions will find out soon if we are merging with them, or if all of us with redundant roles are gone.

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Post ID: @3bxx+1nqJZ1fn

It's just been announced that they are acquiring CorEvitas to expand CRG... They clearly aren't struggling too badly...

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Post ID: @3zam+1nqJZ1fn

https://www.whqr.org/local/2023-07-05/city-says-thermo-fisher-layoffs-wont-impact-campus-purchase-deal

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Post ID: @2cao+1nqJZ1fn

Yeah "through the grapevine" doesn't sound like solid Intel. But someone out there knows something for sure and hopefully will inform everyone when they have that info.

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Post ID: @2kao+1nqJZ1fn

For anyone checking this board, last time we got a notice like this they didn’t provide any information. They probably don’t know anything other than we’re gonna have to make more cuts.

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Post ID: @2zso+1nqJZ1fn

Anyone know if any clinical labs will be affected? There seems to be high enough turnover, think we might be safe?

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Post ID: @2cbj+1nqJZ1fn

Any knowledge of the billable roles or departments?

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Post ID: @juu+1nqJZ1fn

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