I just read an article with a list of the most significant layoffs in technology companies. Although this is not a very serious analysis with precise data, an interesting comparison was made. I hope we don’t get to the first place.
In case someone is interested: https://www.crn.com/slide-shows/channel-programs/the-10-biggest-tech-layoffs-in-2020-so-far-/9
That site's layoffs did not include what happened in management ranks. or Time Warner. The overall numbers are close to 25000 for this year alone by the time its all done. We fully lost 10% of our employee base.
Only two things are certain, more layoffs and more millions in compensation for Randall and Stankey!! The company must have at least 10-12 company jets by now for the c-suite to use at their demand!!
Despite the layoffs, plunging stock price and falling market share the VP and above managers continue to make millions in compensation with millions more in perks!!
Most of their day is spent forecasting, projecting and planning a fantasy stock price of $60 and 30 million HBO Max subscribers.
Nothing will change until the BOD is dismissed and upper management is fired.
Randall and his associates have already taken hundreds of millions out of the company and are focused on a life of leisure and privilege!!