The current layoffs are the most lazy, low research output from bad executives. Calculate the cost saving, it’s not not more than $200 million. Compare that to any budget in any department and the potential room for efficiency. So many sycophants get promoted and questionable people get recruited that this saving is nothing other than muddying up the culture of the organization. CEO is responsible for culture and there seems to be no control not consequences on anyone starting from first line pathetic supervisors. They need to get rid of lot of management fat that has accumulated over the years - good luck on that
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The biggest expense IS the offices. Nobody WANTS to come into them, we are having trouble hiring new people (Member Contact). This can't be sustained.
Personally I wonder how it is I haven't been sacked myself, given my low work output and generally laissez-faire sort of attitude. If there were any justice in the universe, I'd've been let go. But b/c of my job desc. and where I am departmentally, I am still employed.
The CEO earned $4.8M in 2022, up 157% from $1.9M in 2021 according to the news. Meanwhile, the company needed to cut a lot of worker-bee positions to justify the ridiculous exec compensation increases.
There are over 20 director and exec positions posted. Looks like they're getting more to heavy.
Just look at the EMG salaries and the frivolous spending perks to find that money. Problem solved.
Well… they need to “find” $600M at a minimum this year… We’ll see what other cuts are made I guess. Just makes your job feel super unstable.