Idiot Inc.

Business news for bears and cynics

about | subscribe | twitter | contact     
idiot inc. executives planning dumb business moves

Latest bad news

  • GM to begin dropping dealerships today?
  • Millennium Transit’s logo is shit
  • Seagate continues layoffs — 1,100 to go this round
  • VeriFone’s logo is exciting
  • Pacific Ethanol teeters on the brink

Idiot Index view full list  >>

Boeing Chrysler Circuit City Citigroup Daniel Laikin Ford Gannett General Growth Properties GlaxoSmithKline GM Google Lehman Brothers Microsoft Morgan Stanley National Lampoon New York Times Pilgrim's Pride Starbucks Wachovia WaMu Yahoo!

Categories

  • Bankruptcies
  • Brainy Ideas
  • Busted
  • Company Memos
  • Downfalls
  • Idiot Links
  • Layoffs
  • Logos that suck
  • Look at Me!
  • Power Struggles
  • Stock Market
  • Videos
  • Whoops!

Subscribe

  • RSS Feed
  • Twitter

Links

  • Cluster Stock
  • Dealbreaker
  • Drudge Report
  • Finviz
  • Firefox
  • INO
  • Internet Proxy
  • Letter of Apology
  • My Finance Times
  • Snakes of Hawaii
  • Slashdot
  • TechDirt
  • Wall Street Fighter

Layoffs

Layoffs at Jazz Pharmaceuticals?

November 12, 2008

Jazz PharmaceuticalsA tipster writes in to tell us about layoffs this morning at stoner-named Jazz Pharmaceuticals. Our source informs us that 1/2 of the sales force was let go without notice or promise of severance. No word of this has broken in the press, but we’re guessing that the company will announce the cuts during the 3rd quarter conference call tomorrow.

Wall Street clearly doesn’t have much faith in tomorrow’s earnings — Jazz’s stock plummeted 40% to its all-time low. Take a look at the grim slide:

Thanks to our anonymous tipster for the heads-up.

2
Posted in Layoffs by Jacopo Kane
Say something mean >

Starring: Jazz Pharmaceuticals
Related stories:
  • More layoffs from the beatniks at Jazz Pharmaceuticals
  • Idiot Links: December 16, 2008
  • Pilgrim’s Pride pegs profits at negative $800+ million
  • NYSE warns Hypercom about its hyper-decreasing stock
  • People magazine internal memo asking for buyouts
  • Wall Streeter calls for layoffs at Microsoft
  • Idiot links: October 14, 2008
Post a message

Discussion

  1. November 12 at 6:22 pm
    Kate:

    So what kind of drugs does a company called ‘Jazz’ make?

  2. December 16 at 2:38 pm
    More layoffs from the beatniks at Jazz Pharmaceuticals | Idiot Inc.:

    [...] a bad time to be in the drum circle at Jazz Pharmaceuticals. After rumors of layoffs surfaced last month, the company has now announced that it will be cutting another 71 employees, [...]

•

Leave a comment

Basic HTML allowed

“This is an act of mercy....truly” - Francis Urquhart
© Copyrights are for the paranoid    |    About    |    RSS    |    Contact    |    Sitemap
Adventures