I was just let go from BH. I was middle management LPB doing an SPB's job and this is my take.
#3 - In every business known, laying off employees is cheaper than selling assets. This is true in every scenario. The equipment, buildings, inventories are all worthless. The only thing of value are the employees, therefore BH initiates layoffs to save money. Everyone does this.
#2 - BH will keep the unexperienced, non-people leader employees. These guys are cheap! OMLP's are cheap! Aspire's are cheap! Edison's are cheap!
#1 - I believe in organzation shuffles, aligning the business for common sense and success. I beleive the highest executive leadership is on the correct path, but they missed the busness unit executives. These are the highly paid old timers that need to go as well. With the dullest of emaginations, i think it could be argued that BU executives could be let go without parachutes do to lack of performance. There isn't a BH business unit that is an industry leader except for the cyber security folks. So yaaaaah to those guys. We can keep them. Every one else needs serious consideration, because i cannot hold everyone's hand while we cross the street!
I know both sides of the business very well. If i worked directly for the board of directors, i would start from the ground and cut all the way to the CEO's cufflinks.
And offer those savings for the highest leadership business intent.
So highest of the high, I'm speaking to you. In 3 months, no one will remember that you cut your knee caps off. But they will remember a legless olympic sprinter!
An on point post from @1lnsu+175Db6UW.