I am aware of a “volunteer” RIF but this didn’t go out to all employees. I am sure, they would be overwhelmed with “volunteers”
Engineering RIF’d a whole North America team
At what point does Sr. Exec Management get RIF’d?
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These id--ts are gutting the thing for the pleasure of that mid-et in charge. No neck used to be a sign that the foetus should be “offed”. Right
https://www.theguardian.com/business/nils-pratley-on-finance/article/2024/aug/20/asda-morrisons-always-about-financial-engineering
First and last passages kind of sum up PE ... "debt gymnastics" .. is genius, PE in 2 words ? pip pip
Private equity sometimes gets “a bad rap” and generally makes its returns by growing businesses rather than via “financial engineering”, opined Andrew Higginson, then chair of the supermarket chain Morrisons, when his board agreed to sell to the buyout firm Clayton Dubilier & Rice for £7bn in 2021. Really?
The buyouts were old-fashioned games of leverage and debt gymnastics, just as they looked on day one.
It is an Indian company based on head count.
If memory serves me right this is not an American company genius
I heard rumors there have also been some redundancies/"limited restructuring", does anyone know anything? I thought we were past all that
when the rubber hits the road and there are only 2 of them left and the whole edifice of crony capatalist private equity BS is seen for what it is as just another Gordon Gekko asset stripping , blood su-king con whereby those who can't do su-k the life out of those who do. On a lighter note guess its just the american way which in so many ways is not one the the rest of the world should follow. Think fat little kids with g-ns ?