What do you guys think of the remote Raytheon CEO calling everyone back to the office. Do you guys think everyone will come back. Maybe the CEO needs to move from Iowa to show that he is onbroad with his policies.
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The fact is there's a lot of folks who goof off from home when they should be working. I, and many others, put in an honest days work (and then some) when working from home, but these goofballs are sc--wing it up for the rest of us.
RTO will be WFO by winter.
New Covid strain is showing up. People are still dying from Covid.
@3kad+1u31xubr 818K jobs were NOT added in the past 12 months as initially reported by the Bureau of Labor Statistics. The stock market went up thinking corporations are hiring and demand is strong, but that wasn't true at all. The USA economy is headed south once the elections are over.
Rotting in a dirty smelly Rayptheon cube to please the master.
Wall Street and Banks can say what they want, but USA is headed towards a recession. Even with Fed rate cuts, prices won't come down because of corporate greed. Many jobs are being taken over by AI (just look at GM cutting 1000 software engineering jobs due to AI) and almost 600K to 1M job cut revision number will be out tomorrow according to Goldman Sachs. Many corporations are hurting, therefore they are cutting employees. Look at Intel, Cisco, Microsoft, Google, Amazon, Tesla, etc all cutting jobs. And yes, companies are using excuse to come back to the office to cut jobs, because most companies are doing this now. They don't care about employees, they care about the shareholders and share price.
Wait until the 1 or 2 engineers supporting a certain program quit over this. It will bring down 1 billion $ contract to it's knees.
This is nothing more than tactics to reduce head count that hides below the labor law.
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
the ROE for RTX low : So if can grow the sales, then you must reduce cost.
- 1% = US$2.5b ÷ US$61b (Based on the trailing twelve months to June 2024).
The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.04 in profit.