Heard from reliable source.. Management consulting to reduce employee ESPP shares discount from 15 percent to just 5 percent.
11 replies (most recent on top)
I am sure they'll save a few $ by cheapening the coffee. Those leaky forever breaking machines need to go.
Noticed how half the corridor lights are off now ? Soon we will be down to just 25% light and using flashlights.
Free LaCroix water in the fridges ? Gone.
Labs will be shrunk. That expensive kit will be ebay'd. All those $$$ SW licenses for the tools; re-negotiate and trim trim trim licenses.
Save the nickels and dimes to pay the exec leadership team their might large salaries.
Customer meetings ? Catered by McDonalds 'trump-style'.
Those Tesla chargers...........gotta be gone.
Q-store, Q-begone !
Q-discounts, discounted !
The only thing increasing will be size of immigration attorneys bills to support the ever increasing H1B frauds.
Surprised they haven't done this change earlier. This will save lots of money to the company
George has his grocery list of savings; checking the list, ticking them off.
Sharpening his knives for the next chop chop chop.
first george closes the library and now this. is no cow sacred anymore?
Good thing I'm selling the sh-- out of my ESPP and never doing it again.
Every $ saved is another investor impressed.
GD has his list of stuff to cut and he is working down it.
Healthcare continues to be front and center. Shift more costs to employees. Reduce coverage and very importantly get the average age of employees down. Average age drives employer premiums directly. Fire those expensive oldies and get more 20 something Manpower folks.
Yup RSUs and ESPP allocation are the most cost savings that SM is willing to show the investors in the next week call... OMG!
What about management bonus?
You mean people are still buying QCOM stock?
Soon coin machines are being added to all bathrooms. It's true, SM is taking credit and will be granting himself a bonus for the idea.
Behind new meaning to why wait
It makes sense; other companies already have only ESPN 5% discount; management is trying to find any mean to save money.
SM is killing it