This seems like a given, does anybody have more info?
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They'll have to cut more.
R&A Studio for one is now top-heavy with management now that workers have been cut, even though a few first-line managers were indeed let go alongside them.
I can't see CEO surviving another quarter with the stock plunge and not-great performance at last earnings call. If replaced, that would lead to a house-cleaning down the road.
They cut almost half of studio yesterday
Do you know if it was widespread like TA?
Looks like a number of the editorial/BTI staff have been let go.
I would imagine they have to, given the stock performance. Will be interested to see what happens when Q3 earnings are reported.
Who knows exactly, as internal comms is not clear. But my guess is a big yes, because the stock buyback strategy is not working (down 6%-7% today and down from month ago).
They will cut more is my guess, but will need to be a public one, not like TA today.