PerkinElmer layoffs are soon to come - mostly OneSource field service engineers.
''PE may have sucked, but they didn't post losses til Caliper.''
right on! that's what happen when you pay 600M $ for an overhyped company.
An article on microfluidics:
PE may have sucked, but they didn't post losses til Caliper.
Rob and Kevin are poor businessmen. No long term vision. No hope for the companies.
Wow we now have some Kevin sycophants in here? Did you go to the theatre to go watch Moneyball as your master told you? Anyone with half a brain who saw his presentations can see this guy a big phoney, doesn't have a clue about cancer and is full of s?%$.
So sad to see the number of Caliper and PE employes who are willing to worship this clown! Guess you'll have your wake up call when you get your pink slip you poor sucker.
The Caliper take over saved PE's sorry ass. PE was full of a bunch of whining cronies that were more interested in the status quo. Kevin and company have gumption, conviction and vision...three things the PEople never had. Give Kevin some time...he'll breathe life into PE and make it credible.
What value is there in a company that is sans innovation?
Soon any remaining PE value will be ''All In'' Kevin's and Rob pocket!
All in to losing money. Sales=toilet
Sounds like the whole Caliper "all in" talk was just talk....
Who is going to buy it though? GE? Thermo? If they buy it, to they have to keep the "stellar" management?
PerkinElmer is for SALE. Or so it seems. So investors are expecting some increase in the stop price. The management is for crap. At least in informatics where I work. Some pretty good coworkers but nobody is appreciated and lots complain about being setup to fail. Good luck.
All the reagents side of the LST business is being liquidated before the impending sale.
They just fired 60 people from tech support.
I'd love to know who is going to buy this dog. How come on the financial blogs they don't talk about the $16M loss? Or the reductions? Or the lack of an R&D division?
Umm, that would be Kevin, from Caliper.
Sorry - real Caliper talent was axed. I don't know where you are but the facts are wrong. Typical perkin elmer culture of politics and blame game. The value of perkin elmer is being destroyed from the inside-out.
Layoff at Caliper? LOL! All the layoffs were "older" PE people. The crime is that the BOD has had the wool pulled over their eyes. But, if you are an investor, a quick rip to a capital gain. Well done Rob.
No sane company would want to buy PE. Any potential buyer would need to have a true inside view of this company. As an ex-employee I witnessed the utter destruction since Caliper came in, they have initiated the big prep for a sellout and the freak running Caliper (now LST) is doing a great job at that. Friel knew he could not pull that one off and simply hired the Caliper clown who has the political and industry connections.
Perkin Elmer absolutely looks like it is for sale and they are squeezing costs. They are 'firing' more of the informatics staff (where I work), the layoff at Caliper, etc. etc. The stock is up on the sale rumor. The real question is who would buy this POS!!
Curious what % of the 60 let go were PE people, most likely were. Caliper has all the top positions, cleaning shop to sell, are we Kevin?
You think so? Wow!
It would be nice to hear from rob and kevin as to what the current org looks like and what they are trying to accomplish. Heard 60 out of 600 us employees were let go tuesday. What was the reason? Are you trying to sell off lst?
Leaner is not always better. The Caliper management is on a war-path to take down legacy PE products (the most profitable ones) to convince the CEO that they acquisition was worthwhile. It is all politics and ego. R&D, tech support, and field employees have been slashed. Unreasonable growth targets show how out of touch the management is. PhD's have been replaced by low-level admins and MBA's who have no access to the field or the market in general.
All of this will come at the cost of lost customers and lost business, IMO.
The stock is on a roll...close to 36$. Not sure this can last
with the year end results announced Jan 31. The LST unit
did not meet the target sales I heard.
It's about improving the bottom line to sell/merge the company. Outdated technology and mediocre sales team. Exacerbated by the Caliper take over.
More layoffs this week. The thinning of the ranks for a leaner company?
That article was written 2 year ago. I think the Caliper merger did away with buyout rumors. Now they're probably going to lean down and keep stock price high for appearance of stability to foster co-op deals
But what's there of value to buy ? Not the onesource services or informatics business for certain. Although I do think the stock is up on speculation of a buyout I dont see it coming together.
What ever became of PE's luciferase reagent business? Always found it to be superior in performance and $ vs Promega.
There is indication PE will be bought
PE missed an opportunity last time and they are now preparing for a successful deal.
Will PE be sold this year or merge with another big company?
First of the year, second year of Caliper taking over. Look for some serious cost cutting in the existing ranks.
What do you mean by 'big move'? Downer's Grove and Montreal closing isn't new news I don't think. Building in Hopkinton for lifesciences technology division should be completed soon.
As an ex-employee I remember in meetings that corporate goal was to have a stock price
near 35$, they have achieved that and are now significantly reducing the number of sites (Montreal,
Downer Groves and others to close in 2013). Expect some big move this year.
I think there is some capital event upcoming.
Any new word on re-org? Something is in the wind but can't put my finger on it. Morale has slowed within the company due to lack of solid direction from above.
Unfortunate and sad to hear it.
so sad. But what a sad state for this company. They try to play in the big leagues, but the leadership is brain dead. We can just hope they don't go buying any other companies to kill... it's the kiss of death.
12/6/2012, more lay-offs in Shelton and Waltham.
Any bets as to when Shelton closes?
The only way to get ahead at PerkinElmer is to leave.
PerkinElmer is a great company but only for the top 5 executives and not for the many many hard working, sincere employees. But this seems to be the case in many other companies, too. So, where can good employees find justice these days when the jobs are so scarce?
“Not the company for intelligent, hard-working individuals. Good for suck-ups, people that can talk their way to the top”
Current Employee – Reviewed Jun 6, 2012
Pros – None
Cons – Managers appear to have poor people skills. Few opportunities for advancement unless you are buddy-buddy with management. Crappy insurance that's expensive. Talentless BSers will get promoted over intelligent, hard working people. No profit sharing. Poor yearly raises. Little recognition for a job well-done.
Advice to Senior Management – Stop viewing your employees as "headcount", and start viewing them as an asset. Layoffs and shipping product overseas is not the answer to making more money. Be first to the market with something once in awhile instead of constantly playing catch-up. Build a knowledgeable marketing group and a competent sales staff that want to build the company instead of party, drink and point fingers of blame at operations and engineering.
Another big re-org. Looks like Caliper will be sold, or Analytical division will be sold.
No one is safe. Execs have to make their bonuses....
This guy is right. PerkinElmer is awful.
Caliper may be a "bright spot", but they have all but eliminated the Packard and Wallac offerings. Both needed updates, but they are gone. Its all politics, and stock holders shoud RUN as fast as they can.
People looking to get in an organization, skip this lumbering dog.
The whole thing seems to be a mess. Caliper may be the one bright spot until they kill it. They certainly killed what used to be CambridgeSoft - now *that* was $200Million poorly spent. The "big news" is we are now "doing mobile" LOL !! No science, just politicians keeping their jobs and what they know are their iPhones.
Great article in Vanity Fair on Microsoft and how once the growth slowed, the politicians ran the place. Same thing happening here. The issue is they (Friel and his minions) don't know how to innovate. You can build companies through acquisition in staid markets, not in high tech.
Freil ruined what was once a highly respected company. Up until just a couple three years ago.
His Millions in stock, should be equitably divided up for the thousands of lives he's ruined and disrupted. A real piece of corporate crap. Let the firing squad do their thing at high noon. With those thousands present.
That is justice
The only thing saving the field right now is the lack of quulaity coming out of the factories. Clean installs are a rarity.
Downers Grove, gone in 9 months.
Shelton, ghost town within 9 months.
Customer service to Mexico.
Support and training for the world with only ~30 people. Not for each line, but for everything.
With the extreme lean, I wonder who is buying this pig? I bet Oct 1 we find out.
That's old news.
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