And continue to do so. In my old country there was a saying “You save on the road, you lose twice on the bridge”. Sounds silly, but was used to describe people who have the stupidest ideas how to save money and are so cheap that they do it as a reflex, without thinking two days in advance and having strategy, priorities and a plan. So they always end up losing that amount and some more. Perfectly describes this company.
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@oux+1rotjN9f Yep. Those at the top are the last to fall with their golden parachutes. No matter how incompetent they are, they will be protected so long as there is another company to ruin or people underneath them to cut or torture with the brunt of the work needed to save their a-s.
You are all too naive. This is corporate america. The execs will be rewarded with a bonus for the countless hours they spent on the phone talking about how to bring systems back up. After that you will hear how bonuses and pay raises are frozen until the company recovers from the financial damage. The only foolish ones are those believing things will be different
With cuts and layoffs it is not the personnel you lose, that has the biggest impact, it is the stagnant and fearful culture it instills with the staff left in place. It can be eliminated if you can show that you value those still employed. NOT JUST SAYING it. How about free healthcare or heavily discounted? How about a raise or paying the bonus out 100%? Instead you gave us a ninth holiday (ten is average) and 30% off the company store.
Spot on.
There were certainly deep cuts to IT during those RIFs back in September/October and I’m fairly sure people on here said CHC was heavily impacted. But that probably had nothing to do with it.
Redundancy or not, cutting corners to save a buck is never the right thing to do, especially when the end result is making the execs and shareholders rich.
Surprised that no one has called Leadership to step down esp the IT comedian
“Brave Sir Robin!” LMAO! I was talking about that earlier with my coworker! , great minds! 👍
A 787 Max with the doors flying off at 30k feet, even!
“ Penny wise, pound foolish as those familiar with the pound (silver sterling) currency .. look who is in charge?!”
Right? Brave Sir Robin already took his best shot at running GSK nose-first into the ground. Then he was rewarded handsomely for his utter incompetence, and allowed to fly the corporate equivalent of a 787 MAX nose-first into the ground. Brave Sir Robin, Sir Robin!
Penny wise, pound foolish as those familiar with the pound (silver sterling) currency .. look who is in charge?!
“Risk comes from not knowing what you’re doing” - Warren Buffet
100% correct. Perhaps someday the dipsticks running corporate America will realize that flying by the seat of your pants isn’t the most intelligent way to run a business. Don’t hold your breath though. We need to get back to the stock market being a vehicle to finance business operations of a growing concern, that pays dividends, and rejects the paradigm about the only responsibility being to increase shareholder wealth. That’s BS. How many people got jacked on getting prescriptions in a timely manner…that’s life and death.
Gen Z…get your as--s to the polls in November. You all need to take it back now while you have a decent shot.
And this new country there is a saying: what goes around comes around.