coming B4 year end.
What is the ultimate result??? Layoffs are there or not
I agree with the previous poster about the success rate of IVGN in terms of integration after an M&A. Look at the BREL failure (loss of 300MM), Informax, Biosource...and these are smaller companies. ABI is much more established, larger and definitely more complex. Keep an eye out for the numbers in Q1, Q2 and one can see the integration effectiveness if any. To achieve the synergy number: divest the non-performing commoditized businesses (there are several low hanging fruits here at IVGN), rationalize product offerings, consolidate distribution network, streamline oversea operations, reduction of real estate footprint and redundancy in overhead, execute IT strategy ...etc.. All of which take time to transition smoothly, take organization, teamwork and aligment of strategies. I can assure, from the inside looking out, IVGN lacks all of the success factors. It does not take a Harvard grad to realize that.!
So, the Merger and Acquisitions boys from wall street were not correct in their 80 million synergy savings?
Way too many MBAs have been produced over the last 10-15 years. Even from places like Harvard. The bright ones (although not in hindsight) ended up on Wall Street. And so on down the line until you end up with the ones working for companies like IVGN. IVGN has ended up with very average management that doesn't do integrations particularly well. Ask Probes, Dynal, BioSource, etc. whether or not their integrations into IVGN has actually generated synergies--new revenue that has allowed funding the development of new projects, above and beyond what could have been achieved without IVGN management running things. Look for this new entity to struggle with exactly the same issues that IVGN have been struggling with for 5 years under GL.
LTI was a great company to work for, IVGN not!! LTC looking more and more like IVGN. Look at how many senior execs are from IVGN. Definitely not a 50-50 split.
GL is "awesome"!! I say aweful is more like it. Harvard
Grad? Even a distribution like Harvard graduates would follow a normal curve, that is there would be outliers on the -3 sigma as well. You can not teach common dedency and sense at any school.
Of course there are plans, just not disclose to lower level management. Realistically, there will be more layoffs before Q1 '09 is done and may even go into end of '09. That would be my guess. I also see site consolidation will take time to build and relocate. 80MM is a lot of synergies for just work force reduction.
wish you luck friend, honstly
Actually it isn't so great when you have just been laid off from AB, I am super thankful, package good and it is relief not to worry any longer
The posturing inside ABI is and continues to be insane, talk about out of control
I think the merger is a good idea, but ABI's management is only concerned with its own ass and it is a very difficult situation and is has gotten alot worse
Merry Fricken Christmas
I will try - thanks for your concern. I'm sure the fact I can spell will look 'grate' on my Resume.
Yes, que sara sara. Change is good. Get over yourselves. LIFE will contribute to the grater good with or with out you. Nuff' said. Have a great Hanukkah!
I think most of us would give it a chance if anyone told us what was going on. We've had long lists of who will be doing what in the new company but not a list of who wont be.
There's nothing about which sites are closing or which are expanding - Most of us at ground level have heard nothing from line management and a few of those line managers have admitted they know nothing either.
I get pretty fed up with all this negativity. Sure there will be loosers and I do feel for those guys but this should be a good deal for the combined business and those that do survive should then be working for a good company. At least give it a chance!
Sh!t, there's an echo on this board.
Life Technologies will be a great company once the transition is finished. It just got started and it will take some time. GL is awesome and will lead the new venture in the right direction. OK, I know he is Harvard educated but let's not hold that against him.
Welcome to GL's Quest to Improve the Human Condition. Just Not yours, though..."
Loud and clear!!! more people are going to be gone. Could it be you?
U R right of course!! I heard at least 2 more waves. Anyone with inside infos?
"Welcome to GL's Quest to Improve the Human Condition. Just Not yours, though..."
If you have not been contacted or contracted thus far, assume you are going to be dust in the wind.
238 domestic, 89 europe, 65 Asia Pacific
This is not even the start onlythe real deadwood went in round 1
Jan 15th is the next date
heard next level of layoffs going to happen soon!!! Merry Christmas
KG comment is true. JB, time will tell! Hero is easy if one is at the bottom. E1 is still horrific, SAP is better.
Are you saying that IVGN has E1 and ABI has SAP? I recalled IVGN spending much $$ on their E1 system, only to inherited a "bigger half" that uses SAP. Probably a good this that KG is long gone, because she would be in over her head with this integration. Will be interesting to watch the recommendations of the new "IT Lead" from the airline sector.
Having worked and moved on from IVGN, you would be stupid to think your job is ever safe. From your mail, I would suggest, start looking now.
Acquistion of this magnitude require lots of planning and papertrail. Bldg was vacated true, but bread crumps are still there for the rats.
Outsourced IT services have large overlaps in both company. E1 vs. SAP. Siebel.etc...MES systems. Large systems incur significant cost to maintain, update and administrative services. I believe the poster intended to say consolidation and reduction of redundant outsourced services and contractors.
Why would this company consider reductions in outsourced IT services to be a cost reduction. Most companies look to outsource IT services to SAVE money and reduce their staff. Sounds like Life has it a**-backwards if they are planning to focus on reducing outsourced IT.
Reliable source in 1600 Fad Ave.
No, 1600 was abandoned earlier this year. Only thing left are rats. No, wait, that's mostly what's left in the Van Allen buildings also.
The numbers were only estimated. Contractors were not included, but the 80MM synergies include leveraging corporate contracts for materials, services, RIF, attritions, consolidation, supply chain optimization and rationalization... IT will be vulnerable specifically contractors, outsourced services. Low margin SKUs and services are in the synergy numbers. Site reduction, lease exit strategy and consolidation will occur in Q1-Q4 '09. Mostly due to inertia of moving operations and construction related issues.
Reliable source in 1600 Fad Ave.
the recent layoffs has not been communicated in the press release.. I think they still dont have the exact numbers..
thanks for the numbers.. is it include contractors?
any numbers are known
LIFE!. Heard another round coming up after the new year.
down with LIFE!
Not bothered about Illumina or SOLiD. I want to know if I will still have a position after Christmas? Start another thread if you want to argue about SOLiD.
Now quote the whole article rather than the bit that suits only you.
That's right folks r-e-t-u-r-n-e-d... What's more is they bought 11 new instruments from ILMN.
i sense a feel more waves at least for the next year.
NEW YORK (GenomeWeb News) - The Wellcome Trust Sanger Institute has returned five SOLiD sequencing systems that Applied Biosystems had placed at the institute a year ago, GenomeWeb Daily News has learned. The systems were returned to Life Technologies, the new firm formed by the recent merger of ABI and Invitrogen.
is the worst thing is going to happen before the new year..
"Just assume the worst you can imagine."
Fact: the new HQ is in Carlesbad. Just a matter of time.
how about contractors in FC IT any layoffs planned for them also ? coz i am contractor in IT department....
>>what about Pleasanton?
No one know how long it will take but real estate is worth $$$$ and has been figured into the cost savings of the merger.
The sales reps and field service with be consolidated. Other functions are questionable.
The severance package is available for two years after the signing of the deal between AB & IVGN. 2 years! I hope this layoff process doesn't take that long.
Still have a few more weeks, so i would not think anyone is safe yet!
sounds like business as usual.
Nothing is being communicated to remaining employee's. No work is getting done while people spend all their time wondering who's got a pink slip and who will be next.
What is the fate of contract workers in FC particularly in IT.
does anybody can comment on the fate of european employees?
Just assume the worst you can imagine (usually a good bet with IVGN management) and perhaps be pleasantly surprised. The assumption that the final point to generate the $80 million "cost saving" is going to be about 6-6.5K employees is probably a good start.
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