Thread regarding Resideo Technologies layoffs

40% layoff predicted in ADI

List are being drawn up to slim down by 40%

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| 2182 views | | 11 replies (last June 1, 2023) | Reply
Post ID: @OP+1mBf8uaE

11 replies (most recent on top)

@inbx+1mBf8uaE,
Ohh yeah that is the « good fella » optimization scheme. Politicians and underground pot sellers venture use those tricks… not really a stamp of transparency…

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Post ID: @jzcv+1mBf8uaE

@3nst+1mBf8uaE,
there are definitely components of a money laundry called taxes optimization.

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Post ID: @inbx+1mBf8uaE

Not sure about the triad front. Most of the revenue comes from ADI…
As for Bhumi and Sonali both GF number 4 and 5 of lord Baelish not sure if they have the competence of leading anything…. I feel we are soooo screwed….there is a mafia all rigth…the middle level composed of those directors and unless there is a deep clean at that middle level we can’t move forward on real successful projects

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Post ID: @imxd+1mBf8uaE

Resideo being a front for some kind of Triad would fit the pattern indeed.
But I wonder if it’s not an Indian mafia instead… the Sonali & Bhumi triad

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Post ID: @iawe+1mBf8uaE

One could argue resideo is a money laundering front as there is some revenue without any real new product.
Italian mafia style… could even be Chinese triad funded. That could explain why we have such mo--ns in power in PSs and still exist

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Post ID: @3nst+1mBf8uaE

Profitable ? Margins are so slim that acquisitions funded in cash is the main strategy to show it as profitable.

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Post ID: @2gjt+1mBf8uaE

Wow, you insult the only profitable division in this company?

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Post ID: @2zjq+1mBf8uaE

Yeah the plan is to get rid of the tech people in melville and replace by true PSS drones… so bye bye to the old in with the new

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Post ID: @1hhn+1mBf8uaE

ADI strategy:

  1. Price brand name products way above competitors.
  2. Price private label products way under brand name products.
  3. Call shift from over-priced brand name products to private label products "growth."
  4. Act perplexed when revenue is down and brand name suppliers don't want to participate in your expos.
  5. Raise prices on brand name products, because that worked so well the first time.
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Post ID: @1dnc+1mBf8uaE

Stores are closing and customer traffic is light..e-commerce is not growing. products cheaper elsewhere. They need to do the needful quickly

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Post ID: @hhb+1mBf8uaE

I wish the crazies from Austin and GV stop trying to spread rumors to demoralize other teams , promote strife and try to take over ADI
But then I realize they are that way because they get rewarded for it.
Even their HR approve of this

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Post ID: @zoc+1mBf8uaE

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