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Hope you are having a Blessed Sunday friends.

Going in-house full-time ✌🏻
Johnson & Johnson Is there any news on pharma giant layoffs and freeze-hiring? AbbVie Biogen Bristol Myers Squibb Eli Lilly and Company Gilead Sciences Johnson & Johnson Intellia Therapeutics, Inc Pfizer Novo Nordisk Merck Roche Regeneron Merck Teva Pharmaceuticals
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They’re just trying to hit short term profit target. ELT has already proven labor planning & forecasting is not their forte … 30K hires was based on entirely erroneous assumptions (I.e. every AE productivity target should not be a blended CRM TAM target, our acquired products are different than mature CRM market).
This happened quietly with sales roles last month— hoping sales roles open up in the new fiscal year
Nope not yet— don’t think the layoff today was with salespeople but who knows.
Fiscal starts next week— hopefully the opportunities will start again too!
It’s not a misstatement
I saw in business insider that Salesforce is refuting it. https://www.businessinsider.com/salesforce-refutes-reports-that-its-imposing-a-hiring-freeze-2024-1
You want to signal strength to the market, so of course they’re refuting it. Hiring freeze would mean hesitation and uncertainty