Lots of changes over the past few months. Namely the official announcement of GPS being aligned with business development, strategy, and M&A. All of this following the most recent earnings call that said GPS was lagging in revenue. I smell more layoffs.
Thoughts?
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There was a recent “position elimination” restructure last week where both the senior director AND director were relieved from their duties. Had they have kept the original high level senior management positions they disposed of 5 years ago and rid the company of the waste that they chose to keep (now no longer there as of a few days ago) I think the company would be in a better position regardless of the economic conditions. They would rather pay less to unqualified and continue making poor attempts to work through the struggles they created then to maintain the core group of people that kept the operation running. Maybe the new VP is seeing that (the last one obviously didn’t) and trying to turn things around. Until their leadership has the knowledgeable team needed to make those important decisions it’s going to continue to be a downfall with that company. So glad to be gone from there.
@r9 agreed. Seems like HR continues to get hit and a VP two weeks ago.
I think we are in a better position than most of other companies right now, there will be a massive wave of layoffs across industries
There have been "quiet" layoffs recently with a few people here and there being let go.