Layoffs are not a business strategy. A company feeling pressure from investors to cut costs. Going back to the well is the worst way to treat your employees and causes anxiety. The people who stay lose trust in management, if they haven't already. Each time you layoff it has the same negative effect. It's a massive hit to morale and engagement. Who will be next?
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this is all about nielsen’s debt
our” investors” aka debt collecting thugs, bankrupt Argentina. and Peru. They buy politicians.
They do not give two sh--s about us. Nielsen messed up, ran up bills that came due, and now have to pay, Elliott Mgmt wants their money, they don’t ultimately care how Nielsen pays as long as they keep paying.
google Doomsday Investor, grab a snack and read this entire expose. it’s vile.
It would make more sense to sell off business units, but then again that would mean they need to care about their staff.
The investors be making money by short selling the media companies dependent on Nielsen. Destroying Nielsen is a catalyst.
Name a company that was successfully shrunk to success.
Layoffs don't increase revenue they increase profits short term.
Engineers in India make much more than $8k/year in 2024. There are no cheap engineers left in the global population. That well went dry about 10 years ago.
Change takes time to show gains, if the stakeholders expect the changes that were made during last quarter to have immediate impact then they will be disappointed and go back to the layoff well.
As far as I know the software engineer average salary of freshers is $85k in Nielsen. In india it's $6000-$8000 per year with very little to zero benefits
To Pennies: Are you a CEO or investor?
It's a very quick way to increase revenue, people can be changed, hired somewhere else cheaper instead of spending so much for an employee they can spend pennies for them with no benefits.