What a sad time for the OrthoQuidel employees. The current round of layoffs at 5-6% is a significant amount world wide. The impact could be in the hundreds. The company is targeting senior people, high salaries to make an impact on savings. The company stock is in the low $40 range with little chance of working its way out of this. The lack of R&D means no pipeline for new sales. Financial analysts have set the company stock on hold. The market share is depleting. 2024 could be the final year due to poor management of this merger. But how did this happen? The executives and board members who has an opportunity to create a new company and failed. These executives who have committed to do what is best for the company at all times and in every situation have decided to look only to their best interest. Many have received millions of dollars in compensation and left the employees to flounder on their own. Employees who gave their all in years of commitment to the company are pushed aside with little or no compensation for their hard work. Not to mention the impact on the customer base who were so faithful over the years. So to these executives remember Karma is an all encompassing life proposition. Best of luck to you as you are going to need it considering how many lives you negatively impacted.
3 replies (most recent on top)
you mean QuidelOrtho
So they finished sacking people in US and now moving to exUS? Fun times
No snark, but genuinely curious from someone whose still relatively young in clinical research. . . What would be considered "high salary" (anything over $250K USD base yearly?) and senior people? does that necessarily mean someone who just has the term "senior" in their title despite the fact most people I know in clinical have a sr. title but are barely in their 30's.
I feel like crying, so many good people go, so much talent lost, and Doug is swimming in money what a horrendous world we live in