More Layoffs and More at HQ and Beyond Coming
Affected: Potentially Everyone
Most Affected: NAR @ HQ, SDS, Marketing, Merch
Timing: Quarterly to semi-annual. Jul guaranteed. Less in Q4 '18.
Intentions of some are authentic. What's to come is beyond their control. Titles, recent promotions, recent hire, friendships, published plans and hope all irrelevant. SP to reduce and then replace. Recruiting already began. Excludes some individuals impacting MM and C&E.
Retail and online are NOT the SP focus. SG was in dark. Changes from existing plans will be pinned on new understandings of business, EBITDA and pivoting.
Tenure and friend-bosses (also in the dark) can't help you.
Pieced together from 4 sources, 2 external.
Don't overreact but have a plan.