Manulife, something is wrong with the internal business structure if during mass lay-offs, “cost cutting” is the reason. It’s an ironic statement, from a company that has Finance in the title. This statement shouldn’t be an excuse from a company that should aim to be World-Class in financial structuring i.e. financial theory, financial risk, financial impact, eliminating financial waste, etc.
Do better Brontosaurus.
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The cost cutting will continue, as long as more jobs can be consolidated or sent to Manila.
Considering that they said they were ahead of schedule in their cost cutting plans when they released their Q4 results this is even more upsetting