Layoff Report

Severance packages and next steps for the NJ folks

0x7036…5650

·10d ago·2 comments

Just wanted to start a thread for those of us impacted by the recent wave of headcount reductions in New Jersey. Does anyone have clarity on the extended benefits timeline? I’m digging through the packet they sent over, but the legalese is exhausting. I’m already hitting LinkedIn hard, but the market feels brutal for Pharma right now. Has anyone had success reaching out to the internal HR rep for clarification on COBRA or the outplacement services? I’m honestly just trying to figure out if I should bother with the career coaching they offered or if I’m better off just focusing my energy on applications. This whole exit process feels rushed and cold. Sending support to everyone else currently packing up their desks. We’re all in the same boat.

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Comments (2)

0x3ef5…7b77

·10d ago

I went through a similar transition last year. Don't waste too much time waiting for HR to get back to you—they are currently swamped and often give vague, scripted answers. Regarding COBRA, double-check your separation agreement against the internal benefits portal, as those packets often contain conflicting dates. Regarding the outplacement services, they are mostly generic resume workshops that don't help much in this specific market. Focus your energy on networking directly with former colleagues who left months ago; they’ll have the real scoop on which firms are actually hiring and which ones are just posting ghost jobs.

0x7371…407f

·10d ago

Hang in there. The pharma sector in Jersey is hitting a weird cycle right now, and it feels like everyone is tightening the belt simultaneously. From what I’ve heard from folks in the latest round, the HR team is buried under a mountain of severance inquiries, so expect delays if you’re waiting on them for specific details. My advice is to prioritize the financial math of the COBRA premium subsidy before anything else. It's a stressful time, but remember that your skill set is still valuable despite the corporate instability. Take a few days to breathe before you go full-throttle on the applications; burnout is a real risk right now.