Notice how they always have layoffs right before earnings are announced? Miles still gets his millions in stock options every quarter for hitting his #'s since he hits his "milestones"!

I received a call when I was on vacation asking me if I had been laid off. The recruiter said Abbott laid off a lot of the PGD sales reps? Do not know if it is true or not?

We still have to provide bonuses to the executives and also there are some pretty special trips that must be taken (e.g. President's Clubs), so it would only be appropriate to dust a bunch of the pawns so those at the top levels can maintain on track.

How will the massive fine imposed on Abbott impinge on the ADD business? Make it more likely for job cuts and disposals?

Submitted by Anonymous on Thu, 03/05/2012 - 15:55.
Just came back from CMEF2012, the largest medical trading show in Asia. Abbott ADD was totally out of Asian market. All they did in the show was to have some young grils with miniskirt holding Abbott's logo running around the halls. Shame on you Abbott ADD.

Hey! ADD Upper Management! Way to go! "young grils with miniskirt holding Abbott's logo" That's the way to push diagnostics! Did you learn that strategy in college? Oh well, I guess upper management doesn't care since they will move along soon like Ed Michaels. This was a perfect opportunity to showcase ADD's diagnostics. Where were all of you; at a party (know what I mean; hint hint, nudge nudge, say no more?)?

Just came back from CMEF2012, the largest medical trading show in Asia. Abbott ADD was totally out of Asian market. All they did in the show was to have some young grils with miniskirt holding Abbott's logo running around the halls. Shame on you Abbott ADD.

Yes, end of June. Expect 10%.

Anyone hear how the Shareholder meeting went today?

So the cost of layoffs gets transferred from the Corporation to the pension plan...sweet, if you're Miles.

I will be first in line – when is it going to happen?

Don't sign up until your have spoken with an actuary.

new rumor circulating around ap-8b. abbott will offer employees of retirement age 5 and 5. You can retire and they will add 5 years to your age and 5 years to your years of service but no severance package. where do I sign up

Submitted by Anonymous on Tue, 27/03/2012 - 22:21.
abt split 2 for 1 in june. abt (abbvie) phramacutical spin off in october.

I don't know about the ABT split (2 for 1) but I hear that ABT shareholders will receive 2 shares of Abbvie for every share of ABT when the company splits. May be just a rumor. Good luck everyone.

Quote from below: "Focusing on the customer will bring higher profits."

The Pfizer approach is to make higher profits by squeezing the employees harder and harder. And what can employees do about that? Nothing at all. It's like free money pouring into the pockets of executives and shareholders!!!

abt split 2 for 1 in june. abt (abbvie) phramacutical spin off in october.

Abbott Laboratories Chinese Infant Formula Violates China National Standards, According to Tests

MORE LAYOFFS COMING SOON

Splitting stock does not automatically make you richer. Splitting a $100 share into two, will give you two shares for $50 a piece. Splitiing stock is more "smoke and mirror" type tools companies use to simulate higher profits. Focusing on the customer will bring higher profits.

Cool...2 for 1 split, then split the pharma off. I am going to be a reach beach.

ADD for sure.

200+ from which division – can’t be ADD

LC = Lake County

where is LC?

ABT will split (1:1) around June/July 2012. The pharma split will be in October 2012.

LC, 200+, May

And Where?

Who and how many?

The door just closed for some more folks once again.

When One Door Closes Another Door Opens! I am a believer.

Good for you. Hope all is well. I am on my way to 2 site interview, too bad it's not home base. Get out while you still can if your young, stayed if the severance is fair and take them for everything that they got. ADD LC will implode sooner than later. Miles, may you live forever!

One month after 1/23 layoff, I secured the new job that will not only increase my income but also home based. Thank you Miles White and ADD. I will do my best to kick your butt.

if you believe upper management i have a bridge for sale

so you believe everything miles said the last 5 yrs? ha ha

After the last round of layoffs upper management said no more layoffs this year. I believe everything they say!

next 0ne is expected happen for the end of june 2012????

I heard the same rumor – another round in early March. Don’t believe this will happen so close to the last round of layoff in January.

by end of 2013, all manufacturing will seized to exist in LC. Please be prepare.

Yes, it is coming. Lake county R&D also on the list.

there are rummors that there will be another lay off before the tenth of next month does anyone knows if this is true or only a rummor? people at work are very nervous just waiting......

Guidant where are you? I think that Guidant has been the best company that I ever worked for. They really cared for the people with great benefits pick nicks for the entire family more holydays ....Giudant wherever you are God Bless you.

Which should please Mitt Romney.

Hang on you'll get one!! Soon there will be no US Jobs!! Miles will make sure of that! Only his Job and the Board of Directors will be the only Abbott US Jobs!!

Abbott Diagnostics is a place where malevolence reigns.

Agreed

People, Doesn't anyone remember?... President's Club trips are forthcoming! If they don't cut the budget from somewhere then all those lavish trips could be in harm's way. Also those mega bonus schedules have to be paid. Worker bees? Expendable! That mentality is why the stock price sits essentially where it was FIVE years ago ($55.xx v $54.87! Going nowhere fast, except on some fine trips in the early spring, especially if you are senior management. Good luck to the little folks. Some will be handcuffed to ABT trying to make retirement conditions and criteria. Hope you make it. If you can move forward now, it is a good time to put all of it behind you. There are real companies out there where their CEO doesn't knock down $20.96 Million/ per year/average (for the past six years, rather the company maintains within reality and away from greed. (Reference Forbes.com) Good luck folks.

I wanted a severance package but did not get one. I feel bad for those that got the axe, while some of us drag along waiting for time to go by. I put my name in the hat, maybe next time.

You again? Are you a psych-wanna-be? Feelings? That is a different blog. This one is for rumors.

Let this be a forum to come and share your thoughts about the process. How are people feeling about what occurred?

40 - 60 in Dallas, that is.

Yes, heard between 40 and 60.

Any layoffs in the Santa Clara area?