I think that there is evidence of logic in this round. Entire sites where staff were comparatively expensive are gone or hugely reduced.
Some individuals who haven’t done enough to justify large salaries for years are being made redundant. I wish the company wouldn’t do this - the atmosphere has been grim for weeks, but this is all private equity 101. Cost Saving.
And the original post is right that this obviously isn’t the end of it. Round 1: existing senior management, who know where easiest cuts can be made. We may see another round with same senior team, but soon enough they’ll all be replaced, and the new team will find more places to cut. One-off costs paid,salaries reduced, and before the income has a chance to follow the quality on any downward curve, sell the company with an optimised profit/earnings ratio.
You could post this on basically any PE buyout layoff board.
OP @VFHm8Kb
Couldn’t be more accurate. Sad to see people being treated only like numbers and commodities.