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Post by uvula on Feb 25, 2022 8:15:13 GMT -5
Any idea what their jobs were? Maybe they were all in CA which is why the HQ is moving to Danbury.
They didn't have an excessive number of employees before the layoff. I hope they weren't afrezza salespeople.
If we have any linkedin researchers with some free time we can probably figure this out.
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Post by peppy on Feb 25, 2022 8:18:13 GMT -5
Any idea what their jobs were? Maybe they were all in CA which is why the HQ is moving to Danbury. They didn't have an excessive number of employees before the layoff. I hope they weren't afrezza salespeople. If we have any linkedin researchers with some free time we can probably figure this out. www.fool.com/earnings/call-transcripts/2022/02/25/mannkind-corporation-mnkd-q4-2021-earnings-call-tr/?,&campaign=271445&pc_source=TheMotleyFool_Awin&awc=12195_1645793526_a24fc3872c3a42e2c4c9b9fb0c0eb03e&utm_source=aw&utm_campaign=271445 Did Mike say something about a part of the USA... ?
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Post by uvula on Feb 25, 2022 8:22:42 GMT -5
"One of the big strategic decisions we had to make, unfortunately, was to reduce our 30 FTEs to reinvest some of the money to keep Afrezza going in the right direction and drive impact in 2022."
Probably means it was not afrezza salespeople, but we don't know anything else.
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Post by sportsrancho on Feb 25, 2022 13:00:57 GMT -5
That was a long time ago, they cut some of the sales people, some I knew, and hired other contact sales reps… if you go on LinkedIn they’re hiring sales reps in a lot of different states.
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Post by veritasfiliatemporis on Feb 25, 2022 15:31:13 GMT -5
I Red an article on thepreefree that the 30 unit are cars rented, the rest of the article is pure trash a kind of Diogene's Bs...
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Post by cretin11 on Feb 25, 2022 15:42:51 GMT -5
I Red an article on thepreefree that the 30 unit are cars rented, the rest of the article is pure trash a kind of Diogene's Bs... Not sure i understand. Did we not lay off 30 employees, they were just vehicles?
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Post by uvula on Feb 25, 2022 15:50:25 GMT -5
30 FTEs. Full time equivalent employees.
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Post by veritasfiliatemporis on Feb 25, 2022 16:03:35 GMT -5
Don't know the article was referring to veichles rented returned but not explicit to FTE , 30 FTE equivalent like expenses or persons, like more than 30 mixed full time and part time, or equivalent costs?
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Post by uvula on Feb 25, 2022 16:16:00 GMT -5
FTE refers to people. Standard terminology with only 1 meaning.
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Post by mnkdfann on Feb 25, 2022 16:20:23 GMT -5
Any idea what their jobs were? Maybe they were all in CA which is why the HQ is moving to Danbury. They didn't have an excessive number of employees before the layoff. I hope they weren't afrezza salespeople. Quotes from yesterday's call below. One could suggest that sales agents in non-viable territories may have been let go through 'optimizing'. The other suggests that at least some reps remain. So, who knows. "As you look at 2022, we've optimized our Afrezza footprint to make sure all of our sales are territories are viable and they have positive growth potential." "So the more confidence we have that COVID is not resurging and our reps aren’t going to be locked out of offices, the more confidence we’ll have in terms of continuing to build back up on that sales force, as we get a new team in place, we have all new marketers, all new managers really good focused team here driving us forward on Afrezza."
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Post by uvula on Feb 25, 2022 16:28:28 GMT -5
If you recall, every time we get a new salesforce, MC uses that as an excuse for lousy sales. It takes months for them to get trained and up to speed. Blah blah blah.
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Post by awesomo on Feb 25, 2022 16:53:56 GMT -5
This was posted on CafePharma a few weeks ago... www.cafepharma.com/boards/threads/layoffs.674452/"Is anyone really surprised? It's the annual meankind corporation layoffs. This time they did it after the holidays. Over half the existing salesforce was fired! No surprise after all the DMs were let go. Guess who still has his job! The leadership team of this company is rotten from the top on down."
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Post by sweedee79 on Feb 25, 2022 17:26:37 GMT -5
Wow.. that's just sad!!!
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Post by cretin11 on Feb 25, 2022 17:36:21 GMT -5
If you recall, every time we get a new salesforce, MC uses that as an excuse for lousy sales. It takes months for them to get trained and up to speed. Blah blah blah. I do recall. It’s the perma-excuse.
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Post by hopingandwilling on Feb 25, 2022 18:05:16 GMT -5
FTE means Full Time Equivalent aka someone who works a 40 hour week is the norm. Bottom line these were not part time workers.
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