Thread regarding Global Payments Inc. layoffs

" Cameron should be let go as a ceo. Every time he speaks the stock price plummets."

Well the stock is the actual product.

Yeah even SVPs are lost. There is little direction.

SVP and VP are asking what the team does and have no clue of their new team does. What a sh-t show and you can expect more lay offs to happen, Cameron should be let go as a ceo. Every time he speaks the stock price plummets.

Seems crazy to spend so much time and effort planning to lay off 2700 people to only have to turn around and do it again a few months later.

The stock may dip further...and with sale in single digit that only leaves them either to pay cut or layoffs to show next years number. What a sad sad strategy

I was of the opinion that more cuts would not happen—however the stock dip has changed my mind.

I absolutely love this quote:

"The current GPN strategy is just a word salad of meaningless management speak that none of the employees can get behind."

It really is. Just a bunch of corporate buzzwords with no real substance. Fortunately the market realized this as well and the stock tanked over 6%. I expect more cuts throughout 2025.

The stock did tank. Wow.

When you put accountants in charge and then add a large dose of consultants into the mix, you get this mess. It's the blind leading the blind. There's a reason why more and more large tech companies are led by engineers who understand what the company actually does and are able to articulate a vision. The current GPN strategy is just a word salad of meaningless management speak that none of the employees can get behind, that obviously doesn't resonate with the street given the reaction to the investor conference, doesn't translate into anything meaningful for clients, and is really just a cloak for slash and burn tactics on the workforce to try and shore up margins because that's the only tool they've got. What growth there is just comes from increased transaction volumes, which has nothing to do with GPN. There aren't any new clients or new initiatives to gain new clients because there's nothing new to entice them with. Genius is a rehash of existing technologies, issuer modernisation is just rewriting old code in new formats that ends up performing worse than before. The current management are the definition of the emperor's new clothes. Fortunately or unfortunately (for the workforce), that was clear to everyone that attended the conference.

Just look at what's happening at Workday—Vice Presidents are now reporting to Directors. It’s a clear sign of mismanagement and instability, and it could very well be a glimpse of what’s to come for us if things don’t change.

I completely agree with your assessment. The current leadership is leading the company down a dangerous path, and the recent layoffs are just the beginning of a much larger issue. It's clear that there's no real vision or strategy to drive growth, and employees are paying the price. For those who are still here, it’s critical to take action now and secure your future elsewhere. Staying in this sinking ship could be disastrous.