Honestly, I think Sammy and his buddies intentionally set the company up for failure. Since he has taken control on January 1, 2024, the company has been, as Tom Petty would say, “Free Fallin’”. Sure, the decline started before then, but things have spiraled out of control since that fateful day. Revenue began to flatten in the second half of 2023. The fugazi “growth” from 2021 through the first half of 2023 was due to rebounding from COVID. Now, we are starting to see that flat revenue begin to DECLINE, and there are no signs of a turnaround. I’m just being real, folks. I will not BS you with cherry-picked metrics and corny motivational pep talks.
Do not be surprised if this poor performance will result in more cuts, they need SCAPEGOATS.
They will pass it off as “we just need to fine tune our restructuring strategy just a little bit more. Oh, and by the way, please come back to the office five days a week so we can MAXIMIZE COLLABORATION. We did not make this decision lightly (of course you did!), but this will make us ONE CANON #CANONSTRONG”