coming B4 year end.
Life needs to support all these IT. A price point nightmare, also, life will keep on firing folks during hiring, it's now part of their culture to target folks who talk to much or make mid managers nervous. The usual pressure sets on until staff breaks apart, leaves or makes a huge snafu. The usual day at the ok coral.
Look like LIFE is accelerate hiring and spending capital again. I doubt if they do that unless quarter numbers are good (at least to the revised guidance).
"Are you saying LIFE will have a bad quarter?"
Yes. Wait for the earnings release on the 25th, and you will see what I mean.
Are you saying LIFE will have a bad quarter?
Stock value is continuous decreasing with very low trading volumes. So no one wants to buy and the current shareholders have to decide to take a big loss now, or wait for better times which will never come. The company is a collection of over valuated IP and non-cooperating manufacturing sites. You can grow, but with a focus and first integrate and then buy the next company. Just wait until until they cannot pay the interest anymore
IT in Life sucks,there is a discussion about cost cutting in one end and on the other side there is a new 10 million project to improve HR experience which is absoultely not necessary at this point of time with a bad quarter. Everything in IT happens personally and not for benefit of organization as a whole..
very poor quality managers screw things here in IT and all the good people are already gone... only few more looking for a right time and moment
"The quality of talent at LifeTech is the lowest I have ever seen in years and is getting worse. "
Female engineers and scientists aren't usually the best looking... brains over beauty.
LIFE - L -lousy I - intelect F - faulty E - Equipment
LIFE - L -losing I - Intruments F - failing E - employees
LIFE - L -Lucifer I - Is F - Fu**ing E - Everyone
Smarmy? Well if that isn't an example of the pot calling the kettle black I don't know what is. I trust you will not be too disappointed if I find it hard to be grieved by your bemused contempt. It is noteworthy however, and diagnostic, that you do feel this need to come here repeatedly and express contempt for the "complainers." It does betoken some self gratifying satisfaction that you are not in their boat to be sure. But I suspect it is even moreso typical of the principal rationalization used by abusive tyrants since time immemorial - denigrate the victims and believe with your whole heart that they deserve their fate. Chuckle up a storm, toady. It's not me labeling you that, it is your every word.
When Occupy Wall Street thinks about scamming CEOs, they think of Greg Lucier. That guy should resign NOW. He is ready for a new rampage of changes that could be the last one for all I know. Pretty sure he will 'tonywhite' us afterwards...
Most are simpletons like you, whistling through te graveyard hoping that if you can't see the evil, it can't get you.
I find your posts very amusing. You really think you know "what's going on". Smarmy jerks like you will never be happy. If someone thinks the opposite of you they must be wrong? Must be a "simpleton, toadie, stoolie" or whatever if they disagree.
You must lead a fantastic life. Carry on. I'll check back in a few weeks.
Believe it or not, people of at least ordinary intelligence are capable of getting on with their lives AND criticizing injustice where they see it. Some others (usually not to bright) are genuine polyannas. Many of those who don't bother to complain are hustlers themselves, constantly juggling alliances and working to queer the system in their favor. Most are simpletons like you, whistling through te graveyard hoping that if you can't see the evil, it can't get you.
You left out "toady." And you must be sociopathic not to acknowledge and sympathize with the thousands of people who have been abused and ruined by the deliberately self-serving management of LT...blah blah blah...I am so witty and deep
No one said or implied that sympathy isn't there for the many people who have lost jobs at Lifetech or anywhere else in this down economy. That is your words trying to justify your own negative outlook on everything Lifetech.
I just simply stated that Lifetech is no worse than anywhere else (especially in Biotech) and that this board is populated by bitter complainers. I have had many friends lose their jobs over the past few years and it is certainly terrible but, the way to fix it is not here b****ing.
Every opinion and solution I gave the sale's organization was taken into account by management. Only, it was done after losing business, firing staff and discrediting my warnings. Until Life Tech becomes a bottom's up company with no non sense business acumen, it will fail miserably. Too many career oriented assholes in there, one crazy CEO and millions of process manager who are wet behind the ears. Looking at the number of managers at ASHG was mind blowing. Also, if you are in sales, prepare for a crazy bucket and geographic allocation. The sequencing group might be no more, you will find the way of the MBs. That is the Invitrogen way.
"...and have ideas for a solution."
Here's one. Get rid of the lying scumbags running the company you work for.
"If you are an employee and you see something you think is wrong - speak up"
You are delusional. Speaking up gets you in trouble. Managers do not know how to manage and only keep "yes" Indians near them that are not skilled.
The quality of talent at LifeTech is the lowest I have ever seen in years and is getting worse.
People with ideas are put aside, let go, not listened to. While others get awards for completing nothing, with low quality solutions and ignoring problems - either because they are clueless or because they are too lazy to be proactive.
Directors do not know how to lead, have no management skills and stop discussion of problems for fear of making it known on a larger scale.
I ask you - how is that going to fix anything at all?
It won't until they are let go and talent with skills is hired and these low quality Indians are sent packing to find a job where their boss expects professional, high standard, real work instead.
"I agree the majority of people posting do not represent the employees at Life. Are we ticked off and confused about the lay offs - yes - do we still care about our jobs YES - you can argue with the management and their positions - if you think you could do it better speak up to the appropriate people."
"If you are an employee and you see something you think is wrong - speak up - if you can find a better way - speak up - I see this happen all the time and it works and those that speak up in a positive way are listened to."
Wow. Are you naive or what? I can't speak for the other ex-pats, but I certainly spoke up and to people who could make a difference. Frankly, I was told, in no uncertain terms via multiple channels, that it was not appreciated and should stop. Also, as another post points out, many of the people who I saw that contributed and provided solutions but didn't necessarily agree on the way things were being done were also shown the door, literally.
To be honest, I think I had a similar attitude to you in the beginning. Maybe it's my own fault for not being more persistent on what I thought was the right thing to do. In the end, I felt Life Technologies was not a place that rewards candor, rational thought or open discussion. IMHO, the current system with constant re-organizations and “adjustments to shifts in demand (ie layoffs)” rewards falling in-line, loyalty to the system and back-stabbing. I guess what galls me is that it really doesn't have to be that way.
There are so many awesome technologies at LT's disposal that it really is a crime not to be putting them to better use. I liken it to the situation when your favorite team has a boat load of talent but never wins anything because they consistently underperform. Then, one day a new owner or manager walks in, and changes the atmosphere and hires the right people that put the talent in a position to win. When you look back over the years, you say, "Oh now I get why they never won anything!" Sorry, the Chargers will never win it all until they get that. The 49ers are kind of catching on, but they at least had a model of how it could be (Walsh and co.). And frankly Life Technologies will continue to bumble on until they get that too.
"Last but not least - for those that say that Life does not care about the customer has not seen the dedication of the employees that will work all hours and spend personal time to get rid of back orders, ensure the customer is getting what they want in the time frame they want. For those that say we do not care about our customers is insulting, wrong and obviously written by someone who has no idea what they are talking about."
I would say that many people at Life Technologies care about the customer. But, IMHO, I think once you get above a certain pay-grade “putting the customer first” is more lip service than anything else. How else do you explain some of the decisions? When it comes to quality (let’s get that thing out the door ASAP), pricing models (why does the lab down the hall pay half as much as I do?), system upgrades (I just bought this system and now you are telling me you are not going to support it anymore?), product descriptions (try reading some of those), or navigating the Invitrogen/Applied Biosystems/Ambion website behemoth (why has it taken 3 years for proper integration?), I really think customer considerations are near the bottom of the priority list.
The people that do care are just not put in a position to succeed. You can work your arse off filling orders but once half the people around you are laid off, there’s just not enough man power to get it all done properly. On the other side, R&D can care and work their butts off, but if timelines keep getting cut and manpower re-distributed, frankly you aren’t going to turn out a quality product… which is not putting the customer first.
But in the end…
MANAGEMENT KEEPS PUTTING PEOPLE THAT CARE IN A POSITION TO FAIL INSTEAD OF A POSITION TO SUCCEED. And until that changes, it ain’t going to get better, which upsets me, because there are so many wonderful people working there… they deserve better.
A lot of people who have contributed lots of value and lots of solutions are no longer there. And most often the cowardly managers who offered up their projects and employees to the chopper with the ironic intent of currying favor themselves are still there. You tell me why the corporate entity deserves any respect at all never mind loyalty.
Round tables are indeed a joke - if employees do not fee empowered to speak up they are nothing but eat your free lunch and drink your free soda and say nothing.
what can a manager do to get you who does the job on a daily basis speak up?
I agree the majority of people posting do not represent the employees at Life. Are we ticked off and confused about the lay offs - yes - do we still care about our jobs YES - you can argue with the management and their positions - if you think you could do it better speak up to the appropriate people.
If you are an employee and you see something you think is wrong - speak up - if you can find a better way - speak up - I see this happen all the time and it works and those that speak up in a positive way are listened to.
Any company you work for if all you do is complain the only service you are offering is lip service. If you do not like the managers in your departments decisions - present it as a way to make things better and have a solution - quit whinging and whining it does not get anyone any where.
I am not a stoolie, a arse kisser or someone who just goes with the flow - I ask questions - discuss options - am not a manager - I am a realist. If you do not like the way things are going or operations are progressing speak up - not in the hallway kevetching sessions - present your thoughts and ideas like a responsible adult.
Last but not least - for those that say that Life does not care about the customer has not seen the dedication of the employees that will work all hours and spend personal time to get rid of back orders, ensure the customer is getting what they want in the time frame they want. For those that say we do not care about our customers is insulting, wrong and obviously written by someone who has no idea what they are talking about.
People will complain - I do but I complain to someone who can do something about it and have ideas for a solution.
Very true indeed. I think they call those "round tables". Morale is in the dump.
If they have customers and business it is all the more reprehensible to be discarding people like garbage. Who did the work that those cutomers are buying? It doesn't make you sick that GL and his cascade of remoras are "rich beyond the dreams of averice" when a profitable company is jettisoning employees ad libiditum; when hot technology "du jour" is the only interest of the management (who are not smart enough to have any more vision than that) instead of fostering organic growth of all useful technologies and tools; and the business develoment strategy that has been employed in this relentless pursuit of today of acquiring companies, thinking about whether they can actually use the assets they have acquired, perhaps trashing the enitre thing - perhaps using some and throwing the rest, and the people away lie a shark that has been harvested for its fins and thrown back, still alive, into the ocean to die a slow painful death on the sea floor? "And oh, by the way, we need to concentrate some cash to pay for the aquisition so let's fire a bunch of people who are productively working toward worthwhile projects to get a bit more cash into the accounting chart for a couple quarters even though we will postpone or forfeit the return on what they were doing."
Oh yeah, a company like that deserves all the respect they think they are getting as they go and "investigate morale" by herding group after group of employees into view of the boxcars and sneering at them saying, "hey, we just laid off 3000 employees and you're still here. Now do you have any complaints? No? Your morale is good? Excellent. Now get back to work...for now."
They don't in certain markets. ILMN has cleaned their clock. Their marketshare in PCR is very poor, real-time PCR declining. They seem to get new clients and manage to keep them for about 6 months. Once customers start to look around, they find suitable substitutes that do not have outrageous shipping fees and a nickle and diming attitude toward their customers.
Can't speak to the former IVGN side of the house. They sell through distribution centers and don't even know the end users.
I should think it's possible to feel sympathy for anyone who loses their job (especially these days). And it's certainly possible for those in the know to critique LIFE management's performance (or the management of any other company for that matter. But I think the prior poster's question if the company is truly such a mess how does it manage to continue to retain its customers?
You left out "toady." And you must be sociopathic not to acknowledge and sympathize with the thousands of people who have been abused and ruined by the deliberately self-serving management of LT. Clearly a remora, or even more pathetic, a remora wannabe. Maybe you'll be working there in 6 mo. Maybe not. But when your time comes, don't expect any consideration for any contribution you might have made (you personally - I doubt) to the fortune that GL and your peers are trying to protect, or any consideration for your history of servile attitude.
I'm sure the former head of Visigen would agree, problems at LIFE are no different than elsewhere. What's the problem with outright lies straight to people's faces?
That is because the only people who post here consistently are bitter whiners. The other people are typically working and only come here for a laugh from time to time.
Life has its issues for sure, like all companies but is no worse than anyone else out there. There simply seems to be a contingent of cry babies who have a personal vendetta against the company for one reason or another...rather pathetic for sure.
Well - back to work. Enjoy the complaining and denial that is sure to follow. Look for the words "stoolie, stooge, sycophant etc" from the usual assortment of professional rumor posters that seem to be drawn to share their disappointments with all who care to read.
I've been reading Biofind for a few years now and I'd be hard pressed to name another company on this site that stirs up the emotions like Life tech does. I don't work there so I can't comment on how the place is run. And I know nothing about the stock market and share prices. I know the audience here is a mix of business and scientific folks so my question is if Life Tech is so dysfunctional why do scientists keep buying from them and why do their customers seem to be pretty satisfied with the company's products. Every few years, Bioinformatics llc and The Scientist magazine run an independent survey and ask scientists to name the best company in a bunch of categories and every year Life Tech does really well. It seems that way again this year:
Again, I'm not trying to be a Life Tech booster here but they seem to make products that scientists need and want and when I talk to customers using their kits they seem happy with them.
It's called sarcasm. Buy it in packs of ten. Gene quant studio is the great cannibal. It doesn't do squat more and my customers didn't even get the message from them. No one knows they have a new machine.
"Big news release today:
"Life Technologies Announces Flagship PCR Instrument that Enables Cost-Effective, High-Throughput Screening Applications"
So nice, we can run the QuantStudio™ 12K Flex OpenArray® plates!!!! This will double LT's stock price and so worth the hype. Another win for the youtube video marketing scheme."
You are so naive...Quantstudio even hasn't do any customer test before it was announced. Another product—digital PCR, has already been a legend...There too many cheats in senior management...How can a public company do like that...
"This thread has become more than useless. I haven't seen a post contribute to this topic in many many pages."
This is fitting as Life has become useless. I haven't seen a new product that contributes to the scientific community in years.
"Meg Whitman , CEO of HP, Salary of 1$. There is a leadership lesson."
You really believe this smoke screen? Can't believe you are so dumb. She will probably ends up averaging hundreds $M/year in TOTAL COMPENSATION when she's done with HP. Just look at how much Carly F made even though she F-up HP.
This thread has become more than useless. I haven't seen a post contribute to this topic in many many pages.
Heard from a friend still at LIFE that the LIFE Show is back by popular demand at 63% approval. I suppose the threat of being let go does work to sway popular opinion. Also, look like the Execs are making rounds to see why the Quest survey score were so low and morale is in the pit. Surprise!
...that next time they applaud ice sculptors, ...
Ah, that's where the $17.50 (+fuel surcharge, +tax) went to for that last little 25 cent cool pack that I paid for. An ice charge is more encompassing that I realized.
"For hire scientist are the worst of society ... In the end, last night showed us that the Talibans have won the war"
Hyperbole much? Douchebag...
Even though LT bought IT, the R&D there was a handful of people. It is now likely >95% internal Life Tech R&D. Does that doom the product line? Does JR instill inspiration and lead the new group much better than it has ever been to save LT?
If Life had bought a me-too company or relied on in-house r&d for sequencing. They would be bankrupt by now.
"A big problem is that even in the high 20's, somewhere around 50% of LIFE's book value would still be intangibles. Where the price is right now, intangibles are insanely high".
I guess LIFE is worth the patents in its possession. They seem to overpaid for companies they bought. Ion Torrent is just another one of that example. Except this one is on the bleeding edge of technology instead.
Nice of them to bring back mr propaganda for their ASHG qpcr talk. That scientist (paid talking head) should be ashamed of himself. For hire scientist are the worst of society.
The company threw so much cash at a party while downsizing. The scientific community, probably first to condemn LIFE practices, should remember that next time they applaud ice sculptors, clown acts and flame thrower like pre pubescent little girls. In the end, last night showed us that the Talibans have won the war.
"They all have to go"
Someone or something has to awaken the comatose BOD before that happens. Don't hold your breath.
Which company could be in a position to buy LIFE if LIFE stock sinks to the 20's?
A big problem is that even in the high 20's, somewhere around 50% of LIFE's book value would still be intangibles. Where the price is right now, intangibles are insanely high.
G Lucier, a monster? Perhaps. But who writes his script, who pulls the puppet's strings? Let's take a guess:
Paul Grossman, Ph.D., Senior Vice President, Strategy and Corporate Development
Greg is only the front man!! They all have to go!
"Dear Life Leadership, Why have these blogs gone so virulent?"
Dude (or Dudette), you absolutely nailed it. Perfectly.
Dear Life Leadership,
Why have these blogs gone so virulent?
Over the last couple of years, you have created a culture of fear. The worst thing possible for a company that needs to have open dialog and innovation. We are no where near Apple, Intel, Microsoft or other innovative companies. All this due to the culture of fear created from the top.
I just see the best people being thrown out of the company. Those not thrown out are looking for the exits and the right moment.
how can you change this ship around.
CEO, CFO, HR head out door?
Is there another way at this point.
What can you possibly do to make a culture of trust again? To replace this current icky feeling all of us have but are afraid to express. It is just a really weird place to work now.
I think we can all say here in Frederick, this ride ain't fun no more.
Big news release today:
So nice, we can run the QuantStudio™ 12K Flex OpenArray® plates!!!! This will double LT's stock price and so worth the hype. Another win for the youtube video marketing scheme.
"In China, we say American have two things in this year: 1. They lost jobs. 2. They lost Jobs"
The Chinese are still rather cocky since they are finally mastering technology from the 1960s and bringing their poverty-stricken polluted country into the 20th century. They have yet to learn or realize that capitalist economies, including their own, are cyclic in nature, characterized by periods of expansion and contraction. Always have been, always will. China won't grow forever. Prepare now. Start hoarding rice.
Look like the street sentiment is negative toward LIFE. Any guess as how much cheaper LIFE will be? May be around where ILMN is trading now at 26 ish. LIFE from the outside suffers from revenue downturn and having internal integration issues. From this board, Morale is also very low. Time to cut the loss.
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