The Cuts Get DEEPER and DEEPER
Sanofi-Aventis sales reps are sitting by the telephone this morning, waiting to find out whether they still have jobs. BNet Pharma quotes sources saying that laid-off reps will get the news today, apparently as part of a "realignment of sales and marketing resources" CEO Chris Viehbacher mentioned in his Q3 earnings presentation.
There's no word yet on how many reps are destined for the unemployment lines. But we do know that this round of layoffs follows a 10 percent cut in the Sanofi sales force last year. The company currently has some 5,600 or so reps.
Welcome to Zombulation Nation....where we sit by the phone to see who makes it and who doesn't. As there are few hiring, the chances for alternative employment are slim while more and more get cut and we are told the recession is over.
The Final Phase is the Government and Health Care Implosion..........and the liklihood for a major convulsive is growing..........RAPIDLY. You may want to consider going long oil......
9.09 We Knew
11.10.9 We Began To Feel
1.01.10 It Happens