Resideo has initiated cost reduction actions that are expected to result in an approximate 5% decrease in Resideo's global workforce and approximately $70 million of annualized savings once fully implemented, which is expected to be within the next 12-24 months. Key initiatives include right-sizing the business, simplifying the organizational structure, optimizing manufacturing, and rationalizing corporate spending. These cost reduction measures are expected to improve the focus of operational resources on advancing strategic initiatives and better position Resideo to scale with future growth.
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The software org is really a sick feral place full of weirdos
Lots of feral people in resideo looks like…. Maybe they should be layoff… (hint)
Just close Melville and the company will be saved. Just a bunch of old thinking senior citizens who haven’t come up with anything new since the turn of the century.
This will allow to fund the technique acquisition in New zealand and bring friends to the innovation dude lost in the middle of nowhere.
Plan to close close all data centers. Sounds like a plan to sell off to me.