how on earth are they going to wrap everything up in two days??
5 replies (most recent on top)
@ac Avoiding a formal RIF announcement has been almost as big of a blunder as adding a ton of 31-SLT ICs in the lobbying office after the 2024 election to lick the boot.
RIF announcement would be a major win for the share price. Look at the ticker from late February 2025 (when UHC announced voluntary buy-outs for 30k people) until late April 2025 (went from $460 to $600).
Granted the price cratered when the truth came out about how our company is falling apart, but still, great pump and dump oppty if they announced these RIFs
@ac No. You need to research Jack Welch, aka 'Neutron Jack', and how dropping headcount can be seen as getting 'lean and mean' or efficient or dropping dead weight. Under the right conditions 'trimming the fat' will help the stock price.
The cuts are big but not hitting at at once. The RIFs will happend throughout the year. Some people will be done same days, some have their notice period to complete wrap up or knowledge transfer.
@OP No way. If anything it’d tank their stock.
I don’t really buy that it’ll be 20-25% of the company like people are saying on here. But if that is true, I don’t think anyone is alleging that all of it will happen this week. I think the belief is that it’ll happen throughout the year.