No one stand to gain more than ELT in recent layoffs... certainly less expenses make it look like they are doing their jobs but their incompetency and political vindictiveness got rid of so many good people. Along with less headcount cost are the invalidation of many stock grants to the employees that got canned. All this extra funds now allow ELT to hire more diversity hires and reward their followers with more RSUs. It´s no secret that hirings are skewed now toward diversity hires but internal promotions and rewards and compensations are also skewed that way. Indoctrination training continues. Just look around who got promoted and the big bonuses and what do they really do and accomplishements. This is why, regardless of stock price increases, this place is rotten at the core and will not last in the long run.
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More to come beyond current Fall 2023 layoff on Halloween courtesy of ELT monsters.
ELT need to ensure earnings for next quarter. Thanks for your contribution as you are laid off so ELT will prosper.