Is this good or bad though lol
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Funny AI is good when it’s replacing employees but in the next 20 years i would not be surprised to see CEO AI bots where there is just an executive committee managing the employee AI bots with no CEO. Which means if the oppressed (employees) don’t have an oppressor (CEO) companies will simply go away and we’ll move to a socialist economy with entrepreneurs driving innovation as individuals for the greater good.
Wow ! With Mark and soon to go ELT, imagine the cost savings that was achieved this year. Should have done this earlier so that we could kept the folks that were actually working to help the customers.
@am I am sure most current and ex OT employees share this sentiment!
"what would you define as non core"
All of MF. An asset that cost Mark his job.
Best Monday news in a long time!
@a9 what would you define as non core
100% non core assets will be sold if they can find buyers.
My guess anything they've bought in the last 10 years that isn't Information management.
SMB/C comes to mind
My guess is the cyber security org will be sold as it is not core business.
They are trying to sell part of the current business. What is perceived to be a non core asset to raise capital. What is perceived to be non core and whether this will go through is still to be fully determined but those conversations and due diligence are ongoing.
Part of the announcement externally clearly talked about redeployment of capital to AI for Information side of things. What does that mean?
Do they continue with the long term plan, which I presume is slowly but surely reducing headcount and moving new headcount to low cost centers like India, Philippines and Romania.
I think so.
Also i expect some shuffling of ELT, SVPs etc over coming months.
It’s initially good. Because of this change there might be new trust into the company strategy and boost sales/confidence/stocks from external peers.
However medium/long term we will see what the new CEOs strategy is. If they will downsize the company or what. Layoffs won’t stop so don’t get cushiony. However there’s a chance with new external confidence in leadership lowering the frequency or amount of restructuring.