Thread regarding Canon Inc. layoffs

@x7 The increased quotas are purposely set for two reasons. One, they get out of paying you since you will not hit the quota or commish gates. Two, because you don’t hit quota you will be put on a PIP then fired because, wait for it, you had zero chance in place down below of hitting the made up pie in the sky number pulled straight out of a wizard's hat.

Companies buy back stock when they think their stock is under valued.

Sales in the production print industry are sharply declining as companies look to reduce costs. Canon has put all their eggs in one basket with the money spent on inkjet technology.

Safe to say they are taking a huge gamble on their success and that the stock will be trading higher when the IX and other products hit the market.

It’s nice to know that all of us in retail sales who have taken pay cuts basically help fund this buyout. That includes all of the layoffs in 2024 and the increased quotas to help reduce compensation.

I understand Sammy has a company to run but he also has a culture to save or he will be trying to figure out why everyone is against him.

@vz Excellent analysis, A+

@bn Ha, okay c-suite. The question remains, at what point in western civilization will corporations use funds they magically have for stock buybacks to boost EMPLOYEE value? If there is money for stock buybacks, there is money to allow for salary increases above the annual inflation rate to the actual workforce driving company revenue and profit. When shareholder value outweighs high-performing employees, companies lose those high performers and net productivity declines. When productivity and revenue decline, so does the stock value.

Too much jargon here. For the average lay person, it's like a bird: it flies over most folks heads.

Canon overall is a mature, cash-generating company with seemingly slower growth prospects in its core businesses (cameras, printers, office equipment). Repurchases often suggest management believes the best way to enhance shareholder value is through financial engineering (EPS growth, stronger per-share returns) rather than aggressive reinvestment. It can also be tied to Canon’s effort to boost investor confidence, especially if the company is restructuring or repositioning itself in imaging, printing, or semiconductor lithography markets.