All signs point to good results tomorrow with help from the blockade in the Straight of Hormuz. I’m sure we will say it is proof our strategy reset is working, and that we still have to make more “difficult” changes. Then cue layoffs announced around Q2 results. What does everyone else think?
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“ They would rather lie to employees than disclose confidential information to that employee”
Leaders are bad because they don’t disclose confidential information? You’re kind of self selecting here.
An ELT will protect their own. This ELT? Not Meg’s. It is going to be a bloodbath at the EVP and SVP level. That is why they brought Meg in.
The layoffs are happening just not in oil and gas. Unfortunately no vp/evp/SVP will be let go because they are all in it together all the way to the top. CEOs need to preserve their job, can only happen with support and leaders will support up the chain by default. A leader is one that should not have a moral compass. They would rather lie to employees than disclose confidential information to that employee. This is what you are tested for, if you can adapt your principles to that of your LT without regard to logic, you are a chosen one. Of course you need the smartness to not get caught.
Peggy will not want this to look like a good quarter bc she wants to set the bar low
The layoffs will continue until morale improves.
@ah don’t be naive
The last round of layoffs hasn’t even finished yet, surely no more for a while?
@a8 it’s normal to announce staff reductions around quarterly results.
Yes but the upcoming reductions in staff are not connected to the timing of Q1 results. It is ALWAYS a good time to clean out the dead wood.
I think they announce that layoffs are coming during results tomorrow.