With decisions centralising and more governance and finance leadership coming in, what outcomes have people seen in similar situations — tighter oversight only, portfolio moves, or does this usually end in restructuring and layoffs?
5 replies (most recent on top)
@dg
OK HR!
The layoffs will not stop. So please stop asking this question repeatedly.
Hold the line, quiet quitters and grab your pensions!
BB is a control freak. RTO was a failed gamble to force many portfolio 1 employees to retire or resign so he wouldn't have to keep adding to their well-deserved pensions. It's not working very well.
If he wants to clean out these people, then he will need to ante up severance packages, which makes him seethe because that's money he can't spend on share buybacks.
Sounds like quiet quitting is getting under his skin but it sure works to get his boss minions in trouble because now they can't achieve his outrageous "stretch" goal targets. Expect to see some bosses forced out like Tireman was.
Hey BB you can break up the company any way you like but you will not break people's spirits any more.
Well currently we have had reorganization and layoffs just last week, soooo...