I’ve worked in the medical device industry my whole career and something is definitely up. Traditionally, the environment is hard core, work until you bleed, into the weekends, during Christmas dinner- do whatever it takes to make the numbers. For the last 6 months to a year, maybe longer, my company, along with almost every other one I know of is dealing with backorders... and no real plan to address them, as if it doesn’t matter. Aside from the constant corporate wokeness factor, I received CEO messaging that basically says to take Fridays off now. I have a friend at a competitive company who was recently given similar instructions to work less. Its as if we are winding down and preparing to close the doors. What’s going on?
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yep. On a Reddit stock forum the other day, a screen shot was posted from a Goldman Sachs investment seminar for a biotech medical firm. The photo was of the crowd in the banquet room and the stage, with a slide show or powerpoint presentation in progress. The slide read: "Is healing patients a viable business model?"
Incredible.