Well, this is just a natural progression of the direction that Michael White set back in late 2011. In a case you've missed it our dear CEO was talking about tightenig our belts in terms of spending and freezing hiring. Every time you hearing about hiring freeze you need to realize that layoffs will follow soon. It's just a transition to cuts, it's not a freeze, it's a prelude for sacking. So, back in 2011 it was all about cutting overhead, hiring and programming. Since no additional programming can be cut and overhead was reduced to painfuly low levels, all that's left is headcount, and headcount in IT (as it is the most expensive headcount) will continue to shrink, rapidly. White claimed that strategic initiatives like TV Everywhere will not be affected - we all know what's happened with this promise. On top of everything, for some reason we still have our heads in the sand and we try to avoid discussing that we are dropping customers left and right, let's see what happens but you can almost be certain that it's all downhill from this point. Just my two very very modest cents.
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Mike White sold us to the Devil
Excellent observation