I know there'll be more layoffs today, but what about the rest of the week? How long do they plan to drag this out?
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Who’s up for staging a walk out? They can’t fire everyone. Cookies and soda? A walkout would not look good to the DOJ.
It was a bad company structure:
Michael Hansen: aloof, out of touch, no idea, living in a rich German New York fantasy
Bizarre confusion of who was the head the marketing, the CSO or the CMO
Kevin Stone, massive support for sales but lived in a 1990s model and who was unceremoniously thrown out
Sharon Loeb, who had massive MGH baggage, wouldn't show up to work in a real office, and was trusted by no one, complete opportunist who burned her connections
Fernando Bleichmar, who claimed he sold Michael Hansen on CU at 4am in the morning (nice)
Erin Joyner, who people wanted to believe
Megan Galvin, who people also wanted to believe
Continous confusion on who the CFO or who any other C-level executive was. the CPO (whoever he was, Gary Fortier or something) visited SF and came across as a first-class dishonest snake in the grass).
But–if you get out, it is only better! A failing business model collapses while the privileged try to cash out at the expense of the people who worked hard every day to deliver their failed strategy.
The dumbest thing about CU is that it turned everything into a price argument which is EXACTLY what instructors don't want the instructional content decision to be based on. It was always seen through right away. That students don't get to choose their educational product flew in the face of the student-centered branding they pushed with CU. It made NO sense. All of marketing and product leadership should go, that was a massive and basic misjudgment of how the education market works, the idea of turning students into adversaries against their own instructors was a massive misjudgment.
As someone from the SF office that was completely destroyed, I agree with the Unlimited argument. We sold CU as hard as we could but it cratered revenue, and if you asked about the Data Warehouse numbers you were always given a BS spin. A big tell was the number of the folks people respected who got out and found new jobs right after, versus the CL hacks who kept pushing the narrative.
Even MH said he agreed to CU at 4am during a call with Fernando Bleichmar. Maybe not the best way to make major business model changes.
Well into 2020
What about Farmington Hills?
Any job eliminations at KYDC?
This is a pin prick compared to what is coming after the merger
mmm warm dr. pepper and peanut butter cookies mmmmmmm
Expect a Town Hall on Thursday at 11am EST. New reporting will be announced and a pep talk will be given to justify what happened. There will be cookies served along with some 2 liter sodas.
Layoffs will then continue 11/1 with the biggest wave hitting the Monday of Thanksgiving week when many are scheduled to be taking time off.