3. The not-so-exciting side of M&A

Mergers & Acquisitions – the making of a new company, new products, and the seemingly endless new opportunity. But it’s not all sunshine and rainbows; just ask some Mylan employees. Mylan announced in a December 5 SEC filing that they are “currently developing the details of the cost reduction initiatives, including workforce actions,” and that “less than 10 percent of its global workforce may be impacted.” That’s a significant number considering Mylan reported 35,000 employees in 2015. In October, Mylan terminated 94 employees after acquiring Meda Pharmaceuticals in New Jersey. According to FiercePharma, Mylan provided “severance, benefits and outplacement services during [the] transition.” But that’s not the news this 10% wants to hear. To them, M&A feels more like MMA [spoiler alert: it’s a broken nose].