At least they had the class to wait until after the holidays.
11 replies (most recent on top)
@aa You're an id--t. That makes zero sense. And it's their, not there.
@cc SB needs to stay now. Captain must go down with his ship! If he leaves the LinkedIn spin will begin. Let me help him. "We were never able to staff properly to execute the strategy. Too many legacy employees set in their ways".
@fp what part of the business has real stand alone value?
@eh I would suspect that a set of interested buyers are waiting for Chapter 11 or desperation of SLT to spin off parts of the business. As a whole in the shape its in it's barely worth 0.10 on the dollar.
@cb there is nothing to buy really. If they got the company for free the buyer would still be billions underwater. Cant you id--ts read a balance sheet?
@ak I think most people think SB will be leaving the company
@aa Let's hope they are bought out!
No, they are just too lazy to get it done. You guys always think there is a plan or a strategy. There never is.
of course! company will be around for another 100 years and no layoffs will be coming! we all know this! that's why we're on this site! to rally around the X and ensure we're all...oh hold on my manager is calling me...
They have no class. Don’t fool yourself. It’s coming big time. All they will be doing is ensuring there is enough cash shored up to suit their own pay packages and pensions and cars and pet projects before they let rip. Don’t think they have given even one thought to the employees or treating them decently. There is the new cabal of the old EC and choice LEX men (yes, no diversity in LEX) who themselves lost $600M last year as they are that good. You saw Bandy the Clown 🤡 Christmas LinkedIn message - didn’t even acknowledge the employees. Give it a couple of weeks for them to be back from their ski chalets or Caribbean villas and then you will what the new definition of “class” is.
There could be reasons beyond just the holiday's to hold off till the new year. For example someone companies use end of year to set deadlines for people in mergers to accept a retirement plan that is from the company being brought out. If the people think there jobs are safe and don't retire and then are laid off in 2026 then the merged company would save money not paying out the previous companies retirement plan.
Never underestimate the abilities of been counters.