Our leadership is so inept, they can’t even do layoffs properly!
If they did a large round of layoffs, it would make the news and they would get a temporary boost to the stock price. They could then reassure the remaining workforce that they’re done with layoffs for at least a year so everyone can focus on their work.
These seemingly random mini layoffs will hurt productivity bigly. They may be doing to avoid filing WARN but it’s still a bad strategy.
Private Equity shorting the stock. Big payoff when it bottoms out.
@a3 everyone knows it’s coming
@cf I’m looking forward to a package too!
@a3 Looking forward to a compensation package myself.
They are cutting the essential workers and sparing the dead weight in management.
@b6 Gordon Gekko “Because it's wreckable, all right.”
@ag that really doesn't tell me anything about why those who run Verizon would want it to fail, and who benefits from it failing
@ae you sound like a fool. one of the biggest network outages occured less than 2 months after their largest layoff.
@ab I hear this, and evidence points in that direction, but I don't understand why they would want it to fail. Who benefits and how? And if that's the goal, why not expedite it?
The plan is to tank the company. They could careless about the people who get hurt in the process.
July will make the news. Company wide reduction. Also, leadership couldn’t care less about reassuring employees.