- EXCLUSIVE Pfizer to cut U.S. sales staff as meetings with healthcare providers move to virtual
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A whole lot of sales folk with great salaries are going to be switching to less lucrative careers.ID: hsav1zl
I was a pharma rep and it was a super sweet industry job that turned into a mostly sweet industry job and now it sounds like it may be no job.
A lot of pharma companies merged or were bought and so one sales staff was redundant. Then you had people who could intelligently string together multiple jobs within an industry. Like if you were in derm you could push an acne product from company a and a filler from company b and get paid twice for half the work.ID: hsazcee
Yeah a lot of consolidation happening in healthcare.ID: hsa51y9
The amount of cash-flow heavy barely educated folks in the suburbs who live in million dollar mansions and who are “medical device/pharmaceutical salespeople” is staggering.ID: hsb8bny
This is my motherID: hsa4283
Would you like fries with that ?ID: hsahcks
More likely they'll sell cars or houses. Both of those markets are making bank right now.
Sales isn't about knowledge, it's about talking in way that other people like.
The move comes as the company is expected to announce more than $80 billion in revenue in 2021 on strong sales of the COVID-19 vaccine it developed with Germany's BioNTech SE . That would be record sales for a pharmaceutical company, according to Pfizer Chief Executive Albert Bourla.
Oh no more full luncheons by former cheerleaders, models, etc, to explain the latest medication to prescribe? Say it ain't so!ID: hsa7lwh
Spot on. You nailed it.ID: hsaoszf
Been working in healthcare for 20 years and can confirm it’s 100% true. Also, they’re almost always married to a doctor and sporting a diamond the size of my head.
Boost those profits in years when profits are already astronomical, makes sense.ID: hs9ydil
I’ll tell you what’s better than making $80 billion. It’s making $100 billion but with less employees to pay out.ID: hs9ytrq
It's just sad, what they have gone through and what they have done to keep their jobs through all of this.ID: hsadqtq
Tangential, but my company is doing this. We've had 4 people quit on a 10-person team. Our profits exceed 2019, but we can't possibly add more staff. No plans to fill the missing positions. Gotta pay the C-level people and shareholders.
BTW. This company has made millions in profit because of the vaccine…ID: hsaavs9
I think you miss spelled Billions.ID: hsac52w
Only two keys offID: hsargx3
80 BILLION in revenue.ID: hsb28k6
Well not all of that is Covid.
They made $41b in 2019. But account for inflation, that’s $44B. So napkin maths means it made them 37B.
- [removed]ID: hs9zj7c
Tons of companies have done better than ever during the pandemic and in return they fired workers or cut bonuses/raises. They aren't even trying to hide it anymoreID: hs9zxgo
I live in fear every day of this happening to me. I just bought my first home and it’s all I can think about.ID: hs9z5oj
They are making billions. Now it makes even less sense! Why would they want to share all that money?ID: hs9z9pu
Yeah, not sure what I was thinking with the millions lol
...most of those sale staff are in person style jobs, doctors offices sales basically. Covid isn't the place you do pointless in person meetings with healthcare professionals.
Honestly no time is, and reddit use to hate these jobs because they push medicine on the unnecessary.ID: hsat5v9
At the same time Reddit hates health insurance denials for being a check to these leeches.ID: hsbesvr
I hate, hate HATE being bothered by pharma reps. I never met a single one who has ever even remotely been helpful with any of my questions about a drug. They want to meet "to see if there's anything you need, or if you have any questions about prescribing fukitol." And then, when your prescription writing for their particular drug either drops or you don't prescribe the amount they think you should? Harassment, literally. More requests to meet, offers to meet with their supervisor, etc., "Because we'd really like to know what prevents you from prescribing our version of fukitol for your patients over the competitor."
Well, I prescribe whatever is best for the patient at the time. Nothing any rep says is going to change that!
I inherited a bunch of patients on a breakthrough new medication for an old, unpleasant condition. Patients love that there's now treatment, but hate the side effects of this particular med, and a bunch didn't even need to be on the drug in the first place. After a year of sorting that out, I've been driven near mad by incessant calls and texts by the drug rep as the numbers started to fall. Patients hate the drug because it makes them sleepy during the day.. When I asked (multiple times, actually) about this troublesome side effect? She pulls up a study, the same one each time, done by the drug co and says, "but it shows that isn't an issue!" Fucking seriously? So all these patients are full of shit? Come on.
I do still prescribe the drug, just not like my predecessor, who acted like it was an Oprah give-away.
Such a huge waste of time and money. All of it. Only thing worse? Health insurance companies.
This was totally expected
Plus, their covid products virtually sell itself. Do they really need to convince people to buy their vaccines?
Writing is on the wall with most developed nations directly negotiating with pharmaceutical companies.
And just like that people with marketing degrees start filling up the fast food jobs.ID: hsa7dfj[deleted]ID: hsb1iyv
Not in this field, but wow is there is a lot of condescension coming from folks who probably make 20% what these folks do.ID: hsb7wx2
You think they're going to accept minimum wage? Sure, the fast food joints all advertise way more, but when you interview those high numbers are just "potential."
Allocating all the money possible for more CNN ads to keep this vaccine bankroll in full speed