Can somebody please let me know what is our long-term strategy? I can't figure it out for the life of me, outside of "lay off as many employees as you can until you don't have anybody left to lay off."
3 replies (most recent on top)
- Pad executive salaries and bonuses
- Dismantle and sell business assets. (* IMCO).
- Decrease employee satisfaction to encourage atttrition. No severance, no loyalty, no sizable pensions to pay.
- Decrease employee benefits and comps to increase executive bonuses.
- Dump membership eligibility and open to a wider market.
- Take the company public to raise cash because reserves and profitability are in the sh----r.
- Outsource non executive jobs to save millions in labor expenses.
- Reward executives with cost of living and performance salaries increases, and bigger bonuses.
With McKenzie involved, here is the plan based on other fortune 500 they have consulted:
- 2% rolling layoffs every year. It basically means if you are safe in the current round, you will probably be phased out in the next round (about every 2 years they will cycle through your COSA).
- McKenzie will try and get their own into operations (Director and above).
Rinse, repeat.......
It's quite simple - focus on the current quarter and make a profit.
Everything else is secondary to that now. Welcome to publicly traded corporate America!