We've had so many layoffs in the past several years and guess what - still no magic profit surge. When management is a one-trick pony with no clue how to do anything but cut people, it may be too much to hope for actual changes that could benefit the company in the long run.
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Who cares about that stuff. Your never going to change anything. Quiet quit and take care of yourself. Take a yoga class or something. At least when you get your layoff package you can claim you are flexible and can bend over backwards for the next job.
gotta protect the top line, margins, and dividend
Savage measures indeed! Healing journey was not for employees it was for execs! In their own greedy minds they needed to justify what they have been doing for years, 31 layoffs in about 9 years! Big Dave and crew need to go!
Layoffs were to preserve the dividend during a downturn. I do agree that over-cutting staff, delaying vendor payments and introducing an entirely new technology is the ultimate stress test.
It all about the stock price. Just look at our market in general. So the stockholders demand management do something...reduce costs, and the stock reacts positive because they did something.