Frozen hiring, frozen T&E, ‘streamlining’, off boarding contractors, Murray nowhere to be seen.. all seems suspicious.. is the for sale sign up? Are we being acquired?
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ADNOC looked at them earlier this year with a view to buying the whole or part of the business, but it came to nothing.
You should really look at the board. A strategy where you take money from high margin parts of the business and fund low margin parts of the business. Now the grand idea is just focus on costs. Doesn't help much when you're committed to a silly strategy. Danger is that staff will become demotivated and disengaged. "Yes I know we gave you direct reports in 3 timezones post reinvent but you now can't travel to see them as we're spending too much." Travel was obviously going to increase as a consequence of massacring local middle management.
We are now also investing in AI. But...we don't know what we should use it for so give us your ideas. Blind leading the blind...
I wish we were but can’t see anyone going for this deal 😂
Well, the question is who would want to buy us? I doubt you would find many interested parties.
Murray is the finance guy. This are the limits of his imagination - the only way he can think of to boost our share value. Which is failing, of course, but this is not going to deter him.