Pearson business cycle is defined as follows:
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Lower earnings expected
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Annual 3000 layoff
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Restructure
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CEO get pay increase and bonus
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Repeat
Eventually there will be nobody left.
4 replies (most recent on top)
you forgot the part where they layoff the wrong people. and not the lame middle and upper management that have made their careers off working 50% of the time and lying their way up the ladder.
That's the strategy for every corporation post 2008. We are witnessing the planned implosion of this financial system.
My favorite semi-annual Pearson tradition is when the stunned sales management team has their reps fill out the standard "why are bookstore orders down?" fire drill spreadsheet.
So true