Another 15% reduction planned for this quarter translates to 4500 people. Loaded cost of $150K per employee,
Saves the company $675M annually. After paying a paltry one time severance they have $500M to pay as dividends. Keep making Value Act richer at the cost of hard working employees. What do you say Dave ?
8 replies (most recent on top)
Not 30%?
Dude. I hope they ask for volunteers. I’m overworked since the many prior RIFs doubled/tripled my workload. The schedule is unsustainable. They have the wrong new leadership in charge of product delivery. He’s nice enough but has never delivered a product that I’m aware of. The various decisions being made on his behalf drive that assumption home. As posted elsewhere it’s HAMR or bust.
Hard working employees..this line is the joke of the millenium . I hardly see anyone working here in Longmont..
Chill and Njoy is the motto @LCO
Shut down China Factory + alpha will be enough to make 4500.
Oh my god…
You are so smart. You should be the new CFO…but no. Sorry. You are not corrupt enough.
We can cut salaries and more people at same time. Imagine how high the stock price will go...
Are you kidding me? What ? Us ? Cut our salaries ? No way !!!! I’d rather cut the employees in US, breach laws and do business with the Chinese and be the white emperor of Thailand, ruling the natives and claiming success in DEI
- The Mosley-Nygaard-Frost Gang of thieves
Alternatively, leadership can cut salaries by 10-15 percent to get similar savings.