Have they become that irrelevant in the industry, or are they that perfect?
B-R CEO Norman stated in Feb-27 earning call that B-R is not planning any layoff and the business result for Jan and Feb was good. Did he make false statement??"
It's an EARNINGS CALL, what did you expect, for the CEO to tell the truth?
B-R CEO Norman stated in Feb-27 earning call that B-R is not planning any layoff and the business result for Jan and Feb was good. Did he make false statement??
It was not less than 1% of work force. It really depends on the group. Company wide perhaps you can say 1%, but within LSG was in the range of 3-4%. Some groups were hit harder than others.
It is laughable that the people who are responsible for the need to have layoffs are the people making the decision on who to layoff.
What about the Hematronix acquisition? Wasn't that a good one too???
I would hardly call a layoff of less then 1% of the entire workforce a "massive layoff". Life Science may be having a hard time but that's only a fraction of Bio-Rad and Clinical Diagnostics seems to have been doing very well and their last acquisitions prove to be quite good. Bio-Rad's cash holdings has also been going up, and they are in shape to make another acquisition, hopefully one like Blackhawk or Diamed and not Virtek, Mj Research, Ciphergen.
I think Q1 and possible Q2 will be hard but if NIH fund from Stimulus is not spent heavy on infrastructure Bio-Rad will gain deeply from the government grants given.
Who's gone? Do tell.
Laid off some good people and kept some incompetent managers. Typical of where these managers came from. Look at the companies they came from adn the trouble they are in. These types of managers will make the same mistakes at Bio-Rad and then move on after they leave a field of debris behind.
LSG has major problems. Amplification products are not profitable. Bio-Plex customers are unhappy about the switch to the new beads. The proteon gets returned if one gets sold at all. The core electrophoresis product have been neglected over the past years. Far from perfect, more like a mess.
Q1 2009 was terrible for LSG, so they had massive layoff and intend to exit some businesses.
I heard B-R had a layoff last week. What's up?
You bet the people running Bio-Rad LSG are incompetent. BC talks crap behind everybody's back. Still trying to figure out what JH's accomplishments have been since moving from CDG. Can anybody tell me? We out here in the sales force believe nothing and expect less from management.
what a bunch of screw-ups. Division managers are incompetent (BK) think they know more than anybody else (JS) or focus on impossible strategy (AT). I'd like to see JS and AT try to actually sell some of their products. Neither have any credibility with the sales force anywhere in the world.
what happend at the meeting i am a former employee and had been to meetings in Lake Tahoe, Tuscon and Florida as well. I left back in early jan 2007
The recent national meeting in Florida is a reflection of Bio-Rad's future. Oh boy.
With the economy in the crapper, everyone is just sucking it up and trying to hold onto their jobs. But when things eventually turn around and jobs again become more plentiful, watch out LSG!
Who wants to post about a third-tier 'me too' company no one wants to work for?
Lateral movement with more compensation is better than where I am -no movement at all! When a job in my group opened up at a higher level, we were told that no one in the group was eligible to bid on it because "if you were working at that higher level, you would be there already, so since you have not been promoted to that level, you must not be eligible" ummmmm how's that for positive reinforcement?
So, bottom line - and offering little comfort I'm sure, but take heart.... it happens ALL OVER!
Good Luck to all! Hope 2009 brings many POSITIVE changes.
Bio-Rad does not promote people to higher titles. They follow a weird structure where people are moved sort of laterally albeit with more compensation and reponsabilities. They don't have the common structure of power you find at other places, such as, supervisor, manager, director, VP, etc. You have a director and a manager. No VPs, no supervisors. I was told that they are a family-owned business and they like keeping things simple. They are very stable, but along with that comes lack on innovation (which they perceive as risk). Needless to say, I did not accept their offer. It's not a company for everyone, but that doesn't make them bad.
The calm before the storm.
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