How many employees may be fired by Allergan layoffs?
The news is that around 460 employees will be asked to leave their jobs at Allergan. This will be around 5% of the total workforce
How many employees does Allergan have?
The total no. of employees at Allergan is around 10,000 now.
Any news of previous layoffs by the company
No, this is the first ever layoff by the company in its history since 1981.
Any plants or locations being closed by Allergan?
No such data is available.
Which locations will be affected by the Allergan Layoffs?
Most layoffs will occur in the U.S. and European operations.
Which segment of employees will be affected by the Allergan layoffs
The layoffs will happen in the U.S. urology sales and marketing employees and marketing staff in both the United States and Europe.
How much savings can be made by Allergan Layoffs?
There will be pretax charges of between $110 million and $117 million due to the restructuring.
When will the Allergan layoffs happen
The layoffs will be done in the next few weeks.
Any severance package for the affected employees?
No info available.
What are the primary reasons of Allergan Layoffs
The company wants to focus on the resources on programs that produce the highest returns, hence these layoffs are bound to happen in some departments and business segments.
Any other news about Allergan?
As per Business Week, Allergan said profit in the quarter fell to $150.6 million, or 50 cents per share, from $160.3 million, or 52 cents per share, in the same quarter last year.
The latest quarter included payments for licensing deals and a $13.2 million settlement related to the end of a distribution agreement in Korea. Excluding those and other special items, adjusted earnings were 76 cents per share.Revenue fell 3 percent to $1.06 billion from $1.09 billion.
Analysts expected earnings of 73 cents per share on $1.04 billion in revenue.
Let's hope that alternative jobs are available to the affected employees of Allergan Layoffs Job Cut
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