could be because of layoffs this Thursday, could be because the new CEO doesn’t know enough to speak on results yet, who knows
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All the layoffs are in preparation for VZ to be sold to Musk maybe? Now his pal Dan is in place, this looks to be happening.
Layoffs with release dates of the end of year will be announced on Thursday. HR pre meetings happening this week for managers. It is going to be a painful week for everyone.
@ag
If we get rid of the jets, how will Hans be able to get to his sportsball games?
Off-shoring turns every business into a dumpster fire.
@ar FPAS makes decks, FPA does the budgets, who is fianance and "shadow" finace?
@ag that’s not true in finance. The execs there made it so finance rolls up to Tony, Shankar for VGS FPAS, and many other leaders for shadow finance which never went away. Some of shadow finance changed their titles to operations support as well to hide which has proven effective. But the truth is most groups have 3 separate finance teams - shadow finance, fpas, and finance. You can find the ones with plenty of free time regularly at the ping pong table while others are burned out on pointless 200 page decks. It’s a circus with plenty of room to cut if they truly consolidated.
Execs were called into HQ on Saturday to determine how to reduce expenses. I know one of them was selling assets such as company Jets. If more people are RIF’d there won’t be anyone left to actually run the business
expeculate?
They announced this delay the same day as the CEO transition on Oct 4
They DID tell investors on 10/15 that earnings would release on 10/29. It is alarming anything they are pushed back, but to the public, everything is operating as planned... I guess.
Because the hatchet is about to fall.
Well let's hope it is related to all we expeculate here with our daily whining....😁 And not something more serious ...after all we all are invested in this ship.