Have they become that irrelevant in the industry, or are they that perfect?
Seldi dropped, definite possibility. Duoflow probably not, as there is a project to revamp that product. BioEd is a favorite of DS and AS so it is safe. Experion could be a possibility as the margins are not so great. R&D cut would be foolish as the R&D level is already below industry standard. Could cut some managers especially since some division manager just seem to make more of them to manage the same number of people as before.
Bioed, duoflow, experion and seldi product lines will be dropped by end of year, and R&D cut 20%?
LSG better watch out. It will never be able to match Diagnostics margins and net profit. All the international regions are run by diagnostics people.
Although LSG doesn't have a prayer since all the divisions managers are clueless and struggle as a second rate player against the big life science companies.
"Norman wants LSG to be at 15% net profit. Currently LSG is at about 10 or 11%. It takes a pretty significant cut to increase net profit by 4 or 5%."
before or after Q1 earning call?
"JS is a typical yes-man. No real ideas and cant take advise from anyone except the boss (Seldi is still around, 'nuff said)."
Worse than that, he is completely dishonest. Don't believe anything he says unless it's in writing. His managers are all too weak to stand up to him, which is why he personally picked them all. He has forced people to change their employee's reviews and broken his word to multiple people within the division. He takes credit for everybody's ideas and thinks the sales force is stupid.
Norman wants LSG to be at 15% net profit. Currently LSG is at about 10 or 11%. It takes a pretty significant cut to increase net profit by 4 or 5%.
They need to cut another 10% to be profitable?
It's all about profit now. Forget all the lofty ideals BC has been spouting for the past two years about customer focus. The only focus is on the bottom line. All customers should find other companies to buy from besides Bio-Rad.
Norman is just waiting until he's in control and then the voting stock will be all sold to large institutions and the company will be bought by a VWR, Fisher, LifeTechnologies.
Bio-Rad as it used to be is over. Watch out employees, customers and shareholders.
Wait until Q2 results are in. BC and PC will have to act and they will be more interested in cutting costs than addressing how to improve sales.
'Unless sales get better for LSG, there will be additional layoffs. There is a short list that includes some Regional Sales Managers, and a few low performing sales people as well.
A re-org and consolidation of the regional and global marketing groups is likely. More marketing people will be lost.'
Any idea which Regional Sales Managers and low performing sales people are on that short list?
Unless sales get better for LSG, there will be additional layoffs. There is a short list that includes some Regional Sales Managers, and a few low performing sales people as well.
A re-org and consolidation of the regional and global marketing groups is likely. More marketing people will be lost.
Antoher round of lay-off is scheduled at end of April?
These recent layoffs are extremely shortsighted. It looks like about 5% of LSG was let go. That accounts for the merit pay increases, so the net expenses did not increase for 2009. A quick way to save money, but it will cost them in the long run. Once revenue picks up again, they'll be short resources to deal with it. Plus, in general anytime you have to replace somebody it costs about one year's worth of their salary in lost productivity. So, in effect they lost money on this effort.
And yes, there are lots of morons running LSG. I liked the mental midget term for AT.
Hi I was reading the following thread with great amusement being an ex bio-rad employee you raise some very valid points and totally agree with all the statements.
Nothing will change unless PC, BC-VP and others are fired and let go, it is an old boys club that have no direction or vision and buy up crap companies like Virtek, Ciphergen to name a few and have very low performers who could not work anywhere else or no one else wants them.
All the people that I know and believe me there are many have all left and are much more happier from Bio-Rad. The guy running Canada for sales RR is an utter complete moron and bafoon and the reason he was promoted is because the GM at the time who has now left felt sorry for him after he was with the company for over 20 years and was always overlooked for promotion because he was so incompetent.
I am very happy that I left a few years ago i will them all well as they will need more than luck to do well they need a total clean slate of new people.
As for PC he is a total moron and useless individual and spineless and is just picking up his large paycheck until he retires or is fired whichever one comes first.
B-R is is serious troubles.
Witness the leadership and their track record. Has JH done anything since assuming the role of leading the LS group? Oh, he makes very intelligent statements like, "ProteOn is better suited for the academic market than pharma". Of course, with a price tag of over a quarter of a million dollars, name an academic lab that can afford one!! And lets not talk about acquisitions, can anyone say Ciphergen/Seldi??
Next in line for the LSG unit is PC (he is in charge of selling everything in LSG for the US and Can). What a moron. This is the guy who decided a couple years ago that the sales team would be rated on gross profit margin, just to go and demand country wide sales that ruined our margins. Thanks! Oh, and if you thought that AP (remember her, the iron fisted imbecile) was bad, BC is no different!! Of course, this is just PC being his usual micromanager and not letting anyone do their job. When will PC realize that the more he dictates, the worse the entire division's performance. Well, it would take a brain to notice it which rules out any epiphanies from PC.
Next is all the Div Mkt Mgrs. The only one worth their salt is SH, who unfortunately hired KB just to move him to a position where he cant hurt anything. Will she tackle the big job of re-org and getting good people or just follow in the footsteps of AT and fiddle while Rome burns? JS is a typical yes-man. No real ideas and cant take advise from anyone except the boss (Seldi is still around, 'nuff said). As for AT, well what a domineering mental midget. She is changing the focus of the entire GXD division to cellular biology!! Talk about a mature, stagnant market in which B-R has no experience. Sounds exactly what AT would think is a great opportunity. Next product, an outrageously expensive cell counter!! (I can't wait to sell this, can you??)
As for the NASD Mkt team, well there is no marketing team there anymore, just a lame attempt to recreate MarCom (yes, that is efficient!!). As someone else said, the two people let go were the only ones who actually understood marketing and were secure enough to push back to try and make positive changes. It is obvious that PC and even the new BC (cheerleader BC, not the VP BC, but hey, they are a 'team' so what is the difference??) have no clue what to do. PC tells BC what to say, and she says it. No thought, no plan, no cares (actually it looks like BC is the new MS). It is now up to us sales people to create all our own literature, create our own leads, organize and manage any promotions we want, etc. Oh, when do we actually sell?
"Speaking of not having a brain of their own....he should have let BC his new marketing manager go. In the past 4 years anything she has contributed was because of the work of others."
Brutal, but with some "truthiness."
Let's have a crack at all the senior managers.
BC (VP) talks behind everybody's back and protects those he'd like to screw (not screw over). Let's his managers ruin businesses that actually make money.
PC weak number-cruncher who is counting the hours until retirement and will rock the boat as little as possible
AT control freak who is betting it all on a strategy that will most likely fail, all while SK tries to brown nose her as much as possible
BK what does he do again?
JS never met a process he didn't like and is not to be trusted, only interested in covering his a**. If he really had the cojones he thinks he does he would dust get it over and kill seldi sooner rather than later.
SH in over her head right now, but might come out as the hero if she can turn around a division with a lot of whiners in it, although why in the hell did she not use the layoffs as a way to get rid of KB? Oh, yeah because she hired him and that would look bad
LP - gone because he saw the writing on the wall from all the other idiot managers
JH has accomplished what since moving from CDG?
DC - she really runs LSG
"PC let people go that he didn't like or who stood up to him. Basically, anybody who had a brain of their own was let go."
Speaking of not having a brain of their own....he should have let BC his new marketing manager go. In the past 4 years anything she has contributed was because of the work of others.
She is a phony who isgood at being a cheerleader and playing the political game. Perhaps that is viewed as important. Not surprised she was kept around since she has been protected by PC's boss and put into positions that are beyond her background and experience.
It seems the lay-off was over 50 people. Why no WARN report to california department of labor??
NS doesn't have a clue what goes on in LSG, he just wants it to make more money. Look at the horrible acquisitions they've made in the past few years, MJ, Ciphergen, Virtek. All losers. If you're working in the Seldi business group, you're next.
As far as who went in LSG, JS let people go that wouldn't assimilate to his narrow-minded thinking, which will come back to bite him later. Manufacturing consolidated some functions with service which let some of the service folks go. PC let people go that he didn't like or who stood up to him. Basically, anybody who had a brain of their own was let go.
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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