Management is now suffering for the cuts they made
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Long term company success is not their concern. All they care about is increasing stock prices in the short term so they can sell their shares and cash out. That’s why you’re seeing so many layoffs and offshored jobs, regardless of the impact to the customers or company - those layoffs and cheaper offshored jobs are seen as “savings” to stock analysts and thus contribute to higher share prices in the short term.
Thanks @1pei+1mdPMT7p
I don’t have any idea what the end game could be. This absolutely falls into the issue that the company as a whole does a sh-t job on its strategy and vision. This is not communicated or executed from top down.
Continually cutting folks only creates an atmosphere where people do not trust their employer, morale plummets, and issues continue to fester. So yes, it is sweeping under the rug.
We are a public organization that has quarterly metrics to hit. Cutting folks make the numbers look better.
Leadership has no idea on how/what to do.
My assumption is that the ELT is managing by numbers and those immediately below have no idea on what a strategy would be to achieve those.
So we are stuck with a scramble by everyone to do whatever they can to achieve some sort of results.
I know in the BU I am apart of there of lacks any specific goal that the team wants to achieve outside of simple numbers like more customers. Okay that’s nice and all but what is the strategy or rather playbook to achieve that. What kind of customers. Where are we getting these customers from. No answers at all around those questions.
The leaders expect the their reports to come up with these ideas and run with them. Nice, but what is then the job of leadership?
LayingFlat,
I always appreciate your posts. What’s the endgame on that though? If TR handles bad KPIs by cutting costs deeper, isn’t that only sweeping the issue under the a temporary rug? Why wouldn’t TR instead take a short term loss by investing heavily in fixing the core problems and have a few negative years profit in order to set themselves up for positive and sustainable future growth 5 years later?
What is going to be the most interesting is when we get to the point where there are no longer any employees in the US, who do they start cutting next? Or will the uppers be long gone with their bonuses by then and someone else has to figure it out?
Multiple business units are struggling.
The cuts will be deep this year. Take a look at the KPIs for your business unit. If they are severely down and it looks like it will not bounce back in the next few months, then be prepared for deep cuts to the organization.
But look at that stock price!