Large scale RIF's coming this month! There is a memo currently doing the rounds with management, looking for additional departmental cuts. They initally are looking to trim the fat. Like before Attendance, time keeping, performance, etc.
Elliott Investment Management are undertaking large scale cost-cutting imitative along with other cost saving and restructuring initiatives. The RIF's will begin this month and continue through to 2026.
Elliott are planning to undertake a number of acquisitions of specific medical device companies, with the end goal being to transfer products to more competitive countries. Keep watching this space, for the types of companies bought and country they are situated in. This will give a good indication as to which facilities are for the block.
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@bs LOL
Let’s be real here. Layoffs were going to happen with or without Elliott Management. They’ve been going on for years now.
Please RIF gods, give me a retirement package, so I can come back as a contractor !!!!!!
Thanks for the heads up. That explains why my VP hasn’t been very responsive.