SM is doing a good job leading the organization through these difficult times for the industry. Managing through this is not easy and he has made several tough decisions that demonstrate his commitment to the people and longer term objectives for the business.
A lot of CEOs of mature, public companies are handling this in ways MUCH less favorable for the workforce. Stay positive!
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We got 2 words for ya Suuuuuuc Itttttt
Lack of transparency in the area of incoming changes that are planned is not a good sign of leadership...
Former VP @ Sabre here, SM is smart to get rid of many SVP and VPs as he can that are currently there. The idea that they can go fetch similar roles at companies like Amazon is simply not reality. After leaving Sabre and working with Executives across incredibly successful companies, I realize how inadequate the director and above levels are. There are a couple of VP/SVPs at Sabre that are studs and could go do whatever they want (You probably know who they are), outside of that it is very thin and costly.
For the love of God, SM!! stop posting your self praise posts in here and do something for the company!!!
I do not agree with the enhanced severance packages. We are in tough financial situation, why are we offering 15 months of salary to an SVP to leave, or enhanced package to anyone? Many good leaders and employees will leave, probably the best ones, who can easily find a job at Amazon, or other places. We already lost way too many good people over the years.
Not at all impressed and let me tell you why:
If you are working ops or writing code then you make 70K per year and your job is to do as you are told. Your main responsibility is to your wallet and to your family.
However, if you make over 1M per year (VPs, execs etc) your responsibilities are far larger. You are supposed to look after the well being of the company as a whole and in the long term. You make all that money expected to be strategic and behave ethically.
All that SM knows it to cut what he perceives as "cost" and thus increase the share price in the short term. (Think all the knowledge that we have lost over the recent years. Think of the lack of new products).
Can anyone tell for sure that Sabre will be around in 10 years? No.
Is it my job or SM's to make sure of that?
We are in a crisis. And at this moment his 8M salary is good to protect 100 employees salary. Yet, we are talking about ALL making sacrifices. And let me reiterate: employees at the bottom NEED to look after their own pocket. Execs MUST look after the company in the long term.
Make no mistakes: even in this crisis VPs and above are looking after the share price and their own pockets. Not impressed at all.
Just remember that we are all in this together...other than pay cuts only for the US...until easter...and then the US will have layoffs with a crummy package...depending upon how many voluntarily leave with the better enhanced package...and then we will all still be in this together, just less of us.
DT wants to reopen the country for easter so there will be s–c-de mission jobs to be had then.
I wasn't impressed with SM before all this. I don't feel like he ever got a handle on how to give clients what they really needed and he got easily distracted and overly comfortable. Yes the clients still really need real world solutions. SM isn't a good sales guy, he's an operations guy. That said, he's also slacked a bit on operations. When SM got here we were a little above 10k in heads. He cut staff like a razor in a depression ward and our HC even dipped in to the 7k range. Now we are back up to almost 11k heads (as per my career). Yes we are a different cost structure now, in fact we are a harder cost structure to quickly fix (tech wise) now. While there is still some low hanging fruit in DFW, it certainly isn't as plentiful as it used to be. IMO while the vast focus was on re-costing the tech side at Sabre. The DFW non tech overhead at Sabre ballooned to out of control measures. That's 100 percent all SM and DS. 76 people in legal, almost 40 people in comms !! a whole office in Boston that hasn't done anything. Finance Staffing is out of control again. HR is a bit heavy, but i'll cut them some slack. They've got a tough gig. The list goes on.
Tech has small tweaks here and there, but tech has done a good job with offshore balancing, the other departments ? not so much. This is all the world of SM. No new product development (so we really do have very little new to sell). No real innovation and quite frankly even our SDLC has gotten weaker because our answer to fixing it was just to not offer our clients more stuff to buy.
So i'm not a huge fan, and I think the board has done a piss poor job helping drive that, but i can tell you this. SM certainly isnt having a lot of fun right now. All the stock he's been awarded is basically worthless currently.
I hope he's turned a corner. I truly do. It's hard to tell if the actions of the last couple of weeks are "Optics" related or if they were done from the heart. We market better towards handouts when we don't lay off, don't do buybacks and the c-suite takes cuts. SM is a smart guy he knows that.
I remember when SM got here and the endless rounds of cuts. I remember SM asking for people to ask him questions in town halls and when people spoke up and asked about cuts, you never saw those people at Sabre again. SM said publicly many times "I just wanted my own team". Well this is his team now, but i'll always remember those who worked hard, did nothing wrong and got cut.
I guess we'll see if the leopard can change it's spots. I'm hoping so, but I'm not betting on it.
I agree.
They want the ones ready to quit to do it now. Then they will have reductions only on the ones willing to stay in this mess.
Not to have surprises after initial cut. This company will not survive without significant layoffs... unless good old Trumpie will throw a ton of cash...
Cant disagree but the reality is the sabre will be forced to operate at a smaller scale .even after the pandemia market will need time to recover. Less business less people needed. Companies are not charity unfortunately. I would like to sincerely wish to everyone good luck and most importantly stay healthy, physically and mentally