https://twitter.com/phoebesaid/status/1131586238677487617
6 replies (most recent on top)
23,000 instead of the 7,000 - if you read the Freep & News/stay safe?
One friend from GM just said there are rumors at Warren that more cuts are coming July/Aug. That's not a good sign for anyone. The number of people applying for the same job will be outrageous.
Lazy analysis. The assumption is that 2008 had the exact right headcount and that headcount should be proportional to market share. Both stupid on so many levels....
I'm not sure it's really fair to say that she says "that more should be cut"... she just reports what analysts make of the situation, and it seems the consensus is that they expect a higher number of cuts. The facts that she tries to get the story of workers impacted by the cuts shouldn't prevent from being aware of the other side of things, i.e. that the financial markets are expecting more than 7000.
Based on the fact that the share price dropped below $10 with this layoff, it's probably fair to say that the market hasn't been overly impressed by the move from Hackett.
The Free Press is a liberal rag.
I love how she was on this board trying to get people to talk to her....”sorry you all are going through this” blah blah blah and then posts that more should be cut. Why even read the free press rag anyway.