There's more and more panic because they have RIF'd so many of the employees who actually generate product and services that generate income, that it is having an effect. They were looking for a quick fix by cutting costs, ie RIF'ing employees and then farming out their work to countries with cheaper labor costs. Sitting at their managerial desks, this would have sounded like a great way for the company to make lots of money. Don't forget too, that many of these managers were allegedly offered bonuses to RIF employees. Sure it has a quick short term gain, but then problems arise like that cheap source of labour doesn't have a clue what to do. Also, TR has never been good at documenting procedures so that hasn't helped outsourcing. You can't expect them to generate high quality product/services without them knowing what to do. You also have another issue with outsourcing in that these workers are continually looking for higher wages, so if they can get a better offer down the road, they're going to take it. And who can blame them. The problem then is finding cheap labor that wants to stick around and do a good job for TR. Then TR has the problem of being stuck with so many managers, many of whom are very ineffective and on high salaries, who don't actually generate any product/services. What do you do with them? Lay some more off for that quick fix to keep shareholders happy. Problem is options for doing this among the lower level employees who actually produce things to sell, are now very limited. So you now have to look amongst the managerial level. They're looking at each other and deciding who to throw under the bus next. The problem lies with greedy shareholders and a clueless management with an extremely limited vision/outlook.
Perfectly stated, @Ibcf+166J5prD. This needed to be on top!