Thread regarding BD (Becton Dickinson & Co.) layoffs

Did not meet expectations

Revenue didn't meet investors expectations even though BD improved its forecast for 2024 from last earnings call.

IDS still in the negative. MDS came in flat.

Budget forecasts for 2024 includes $239 million for restructuring costs compared to the 124 million for 2023 and 50 million for 2022.

So if you're wondering if layoffs will be happening, I'd say that's a very strong possibility.

It won't just be IDS either. BD will try to spread the impact across the full business in efforts to lesson impact on IDS.

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| 2791 views | | 7 replies (last May 5, 2024) | Reply
Post ID: @OP+1qRgQnAq

7 replies (most recent on top)

@1nynn+1qRgQnAq, @deb+1qRgQnAq

Amen! BD management seems to do what's best for them and not the company. I think all sites are suffering but some more than others. As for people getting paid a lot of money to make bad decisions the comment is spot on. We have an Ops/Production manager that can't even remember if she drove her car to work. BD is spiraling out of control.

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Post ID: @1wdnh+1qRgQnAq

BD su-ks. Why? Comes down to bad leadership, only caring about money, and losing sight of the mission. My advise? Stay away, because they will treat you like sh-t. They don’t care about their employees, only how much money they can put into their pockets.

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Post ID: @1nynn+1qRgQnAq

Dave Hickey hasn’t delivered in years. If it wasn’t for Covid IDS would have failed years ago. In addition there Eduardo Bonefont ice Life Science service who has never delivered. BDX needs to remove these buffoons and get someone in place that has vision and a track record of succeeding. BDB is the only bright spot within the Life Sciences group but is under the Dave Hickey leadership umbrella. Get wise BDX and clean house at the executive leadership level.

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Post ID: @1gson+1qRgQnAq

Look at the BDX stock price. It has not favorably moved upward in 3 years. If you tell the Analysts that positive things are going to happen, and they don’t. The have punished the stock. I would believe layoffs are the easiest approach to try to make up the gaps. But unless the layoffs are significant it will and has a minimal effect. Don’t forget, the big acquisitions made starting 8 years ago, were never right sized to gain the return on the investment. In terms of duplication in BDX & the acquisitions in so many areas, particularly at identifying the ineffective, extremely well compensated, Director’s Level and above , looking to consolidate distribution sites, just for starters.

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Post ID: @tktd+1qRgQnAq

What went wrong in IDS? I don’t understand how it went so bad. I know we can’t seem to sell COR but did the rest of the business also fall off?

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Post ID: @4gel+1qRgQnAq

People getting paid a lot of money in high positions to make bad decisions over and over again. Too much over head and they will never learn

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Post ID: @deb+1qRgQnAq

IDS leadership continues to be penny wise and pound foolish, but will never pay for their poor decisions. When will they learn?

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Post ID: @uco+1qRgQnAq

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