NdM...dat u? lol
I'd question why we should keep every band 4 employee, and ask for a 30% cut in band 4s immediately.
Further driving out what little talent and dedicated people you have and further making it impossible to attract outside talent.. We already cant attract any talent and haven been able to for years....this would make that even worse. other than that....good idea. We need to get rid of the useless, inexperienced and incompetent band 4's...theres a difference.
our foot print is pretty global and the majority of our employee base is in manufacturing. I'd make a deal with a hardware manufacturing group, and guarantee buying from them for a few years but get the head count off our books.
One of the ideas the company is working on is selling all manufacturing to a company that outsources its manufacturing to other company (like what was done with Lyric camera but without 1d1ots running the project) and buying hardware and they do our manufacturing. We forgot long ago how to manufacture...we should stop acting like we can. I agree.
i'd file for brankruptcy, change name and restructure debt and HOW liability.
Nah, WAY past that. We are too far behind competition and getting further every day as our drop in sales and lack of technology road map will prove. I would say sell what you can but I seriously don't believe any of our competitors would want anything we have (including IP). sadly, we had the chance to restructure and fix a lot of bad things when we spun ...why would we do better now? I think this company will unfortunately just die a slow death and eventually shutter. What we should do is find a s—er small company with lots of cash and scam them into purchasing us....just like Buoy did to us.
I'd make an acquisition in either comfort or security of one of the up and coming companies and put their management in charge of our comfort and security business.
Ever hear of Buoy or the water Punt? That was going to be one of our key leaders.... Whisker labs? we cant even do this right. Plus we are hemorrhaging money and we are less and less able to afford buying any meaningful company every day.
Thankfully Im not CEO. Unfortunately, we dont have one... yes thankfully ; )