Not sure if mgmt will attempt to bolster the Q4 results with more layoffs. The October 15-20% cuts will be included in Q4 but the goodwill reporting delays cannot be further delayed.
Insights on plans to capture further headcount reductions in 2025?
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So where is the bloodbath?
@bz probably, but I’m in a position where it doesn’t matter.
@a2 what do you think is the estimate for the goodwill write down? 500 mill? 1 billion? I guess no matter the write down amount it ain’t gonna be pretty.
@a2 ..and maybe they will start with you the process to "get down to the pre-acquisition level" . Good luck!
We need to get down to the pre-acquisition level (minus 10k heads), or at a minimum remove the redundancy. Q4 is not helped that much because of severance run out and redundancy provisions. 2025 is a disaster + GW write down. Better to take the remaining bad news ASAP and start 2026 fresh, or at least as fresh as possible within this scenario. I expect baseline 2026 to be horrible too. Revenue decline + interest increasing cannot be undone by the current team. Don't think the LEX guys bring much to the table looking at their financials.