Thermo Fisher Eliminates 315 Jobs, Records $18.2M in Charges

www.genomeweb.com/thermo-fisher-eliminates-315-jobs-records-182m-charges

Thermo Fisher Eliminated More than 1,000 Jobs in 2012

www.genomeweb.com/thermo-fisher-eliminated-more-1000-jobs-2012

Wow, it sounds like some of you n the region should step up to take higher level roles in order to run the business. You also may get someone to lead you to new thinking. I doubt it will implode and maybe..just maybe it will get better.

LATAM is the new Frederick. No leadership (GM went to China), lost the best manager in January and another good one in April. Now it´s just backstabbing leaders with no clue about the business. More people on the way out and competitors just waiting for bleeding to get the talents for free.

Amazing how the morons at Carlsbad destroy the region since the merging.

Simply not a chance Grand Island is closed. Too much cGMP manufacturing of products that go directly into existing manufacturing pipelines of FDA approved biologics that are major revenue streams for large pharma. That will not be messed with.

GI business got to be a favourite to be sold off Standalone good customer base ideal for private equity out to pick up scraps

New CEO is visiting Grand Island and Frederick. May be he will close them out. Someone at those sites do tell?

Simply not a chance Grand Island is closed. Too much cGMP manufacturing of products that go directly into existing manufacturing pipelines of FDA approved biologics that are major revenue streams for large pharma. That will not be messed with.

New CEO is visiting Grand Island and Frederick. May be he will close them out. Someone at those sites do tell?

Suspend Disbelief you Morons!

Wahhhh!!!, poor you.

A lot of arrogant people don't know how to do business, and they ignored the opinions from the real capable people.

I am in Singapore, managing two teams consist of testers and software coders. The merge of testers and software coders created tremendous problem:

The salary gap between testers and coders are more than 30%. I have never manage a team doing similar things but while such a BIG salary gap. How am I going to motivate them? Life really sucks.

Yeap. Before the move to new "redux" campus to South SF. Prepare to pack your stuff.

Look like more layoffs coming in late May.

Life... Too many junior leadership, after IVGN acquired AB. A lot of arogant people don't know how to do business, and they ignored the opinions from the real capable people.

I'm in China, I can tell you what happens in China. In China the whole market is talking us as a funny joke. We declared we go direct, because the leader wanted to gain dealer's margin to increase his total sales revenue. And we hired more than 200 sales person some of them are extremely junior, these new hired or acquired sales brought us heavy burden, because their salary is above market average but contribute very little. Some of them have only 100k annual sales target and stay at home all day. Since China business is way more complicated than US, it's impossible to go direct really. So they still sell to different small dealers but imput in the system by using a customer's name. For the instruments, they declared they built distrubutor network, and then let the distributors have lots of stock to make the number.We are well known in the market by cheating ourselves.

Life... Too many junior leadership, after IVGN acquired AB. A lot of arogant people don't know how to do business, and they ignored the opinions from the real capable people.

Are all big biotechs this way? This is my first job after many years of training. It seems like my manager is trying to set me up. I'm going to get out, but in the meantime ???

Especially the ION group.

Because they're really kicking some butt. Notice how badly Illumina was hurting after their Q1 results came in.

On a serious note, why would anyone invest in an ION system over the next year? Why go with the company that has 100% uncertainty until 2014? Hanging out there is the possibility that ION gets bundled and sold to a big pharma or diagnostics player that decides to take the technology internal and not support their competition.

I think that the genetic analysis sales force is immune to any layoffs because TMO does not have the sales force to handle such a complex and specialized sell. Especially the ION group.

UltraPure™ Salmon Sperm DNA Solution.

Bank yes all fired luck you alld

What do they care? They're all fired anyway, may as well go nuts.

I have to say that those of you who feel the need to pick on people's personal attributes in order to make yourselves feel better are simply the smallest of the small. Everyone there is doing the best they can under shitty circumstances; no need to make it personal. You make yourself sound so petty, stupid, and thoughtless. I hope they take you first.

FUCK ALL OF YOU, YOU PANSEY ASS CUNTS

are you referring to Heather or Kate or big a$$ Debbie?.

wow, I thought we were buying a great company. from this site it looks like many of the life emps or the posers are such a bunch of babies!

Starting from Greg Lucier down to his executive staffs, all fricking babies.

TMO back out of this deal now. LIFE is full of craps from top down. You are paying premium for a POS of a company. If it is too late to back out, just close these sites
Carlsbad, Foster City, Pleasanton, Austin, Brown Deer, Madison, Eugene, Frederick, Bedford, Framingham and Grand Island.

Ther,o watch their backs..lifers will be coming for their jobs and will backstabbing to save themselves. Just watch how nice people will be to your face. Then stab you in the back when heir asses are on the line

One thing Life isn't, a great company.

wow, I thought we were buying a great company. from this site it looks like many of the life emps or the posers are such a bunch of babies!

what a bunch of lame ass wipes stupid cry babies! go get real jobs!

don't forget to fuck off first... HaHaHaHa

just quit and die!

FUCK ALL OF YOU, YOU PANSEY ASS CUNTS

Its a smart deal if they can cut enough costs to off-set declining business and sell Ion to Roche for a large premium. It will be interesting to see how Thermo deals with all the borderline practices Lucier has used to keep the earnings looking decent.

It might be a smart deal but people will still lose their jobs all over the world. Panic will set in and huge mistakes will be made. Third parties will get involved and the infrastructure will collapse. That is reality, so you should get your head around that. All hope is gone and the Death Star will implode.

Wow, you really don't know TMO very well. This is a very strategic acquisition and pretty smart. TMO will continue to put R&D to this one. Casper is a smart dude..

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Most foolish acquisition in history of the stock market. TMO's leadership is just as clueless as LIFE's.

Most foolish acquisition in history of the stock market. TMO's leadership is just as clueless as LIFE's.

Waiting for severance is a fools errand. There aren't many jobs out there, if you can get one take it!

MD is an at-will state. Company is not required to give you diddly! You only get severence if the company for compelling reasons to give it to you. They don't have to. If you get 2 weeks for every year count yourself lucky. If you wait until such time, you may find yourself competing with your friends and co-workers for the same job. If you see the ax falling it is best to get out of the way. KC

are you kidding me ? You obviously did not noticed the changes made in your clauses last year... if you signed that, you will get the absolute minimum in your state/country and only if your job is made obsolete.

All the ex AB people, if you think youre getting a hefty severance think again, those days are over. 2 weeks per year to a max of 6 months...

I manage a Dx assay group and a bioinformatics software group here in Singapore.

You must be incredibly special to be able to handle those two diverse areas. I'm especially impressed, given LIFE's world leadership in those fields. But then again, there must be many of you in Singapore, otherwise you're telling HR precisely who you are. On the other hand, it could be a double bluff... One of your underlings trying to get you fired for posting on Biofind...

"I manage a Dx assay group and a bioinformatics software group here in Singapore. If they DARE to lay me off, they have to pay hefty severance package."

Unless they dig up something you have done against policy.

Common ones are - using work pc's/laptops for non-work purposes or some spurious "attitude" problem.

Then they'll just fire your ass.

I've seen someone fired for posting the location of a Sales Meeting on FaceBook. Obviously someone they wanted out anyway.

Why is this board so quiet? Is everyone looking for another job?

I manage a Dx assay group and a bioinformatics software group here in Singapore. If they DARE to lay me off, they have to pay hefty severance package.

First of all, here is my equation to describe the takeover:

Thermo / + Life \ = |
| - \ = ~

Now, lets have a best company name competition

Life Thermologies
Thermo Lifer Biofishstems
Thermo Fisherific Technologies
InvitroFish Thermal Underpants
Argos

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Lets keep it simple, Former Life Tech Snitch And Brownnosers Association.

First of all, here is my equation to describe the takeover:

Thermo / + Life \ = |
| - \ = ~

Now, lets have a best company name competition

Life Thermologies
Thermo Lifer Biofishstems
Thermo Fisherific Technologies
InvitroFish Thermal Underpants
Argos

What now. When will these massive cuts take place, next year when TMO actually takes ove or sooner?

"It could be that people are actually working now, trying to save their buts so that they are not laid off. It is really funny how that works. I bet that you cant see people's faces because they have their heads stuck up their manager's but trying to save their job."
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They are sitting in the break rooms and outside with the smokers listening to everything thats said and taking careful notes and reporting back to their supervisors and trying to get their "friends" fired. Sad thing is no amount of ass kissing will save none of them, because their dept. is more than likely on the chopping block. I hope I run into some of them brownnosing lackeys one day so I can knock the living shit out of their pansy asses.

The FTC is all over LIFE, investigations are underway, have been for some time now. Should be wrapping up soon. Expect names up to Lucifer, to be named in the suit.

It could be that people are actually working now, trying to save their buts so that they are not laid off. It is really funny how that works. I bet that you cant see people's faces because they have their heads stuck up their manager's but trying to save their job.

Why is this board so quiet? Is everyone looking for another job?

hope thermo starts at GIBCO, rumors of flooding the market and price fixing for years

Why is nobody selling their shares in LT, does Thermo not offer enough? Perhaps the owners are still waiting for more news; perhaps the hedge funds can kill even more parts of LT