Yes, layoffs are always around the corner with the current state with the minimal data my expectations are
- the VRP did not yield sufficient numbers to avoid involuntary cuts
- faster competitive advances into our core markets than expected which will result in material reductions to forecasted business plans
- the ideal time to announce layoffs is -always- right before an earnings call so the table is cleared with decisive actions so that earnings forecasts can be cleanly reset
Also, anyone on the last town hall call heard P+C admit that all departments are looking to reduce staff costs.
- Groundskeeper Wi---e & J Davy are making headcount cuts of 5 to 10% right now in the biggest ops teams, so other areas must be planning similar.
- Makes sense the “target” of the new exercise is 600 jobs, given the 2024 target was 900 and the VRP delivered “only” 300 of those heads.
One thing is for sure, folks, we will find out soon.