Share your thoughts on Daddy Armstrongs comments
20 replies (most recent on top)
A professional and strategic way to say theyre going bankrupt and we are all sc--wed.
@aj This is honestly a pretty good guess at how it’s about to go. There will be casualties everywhere but those who have 2 or 3 people reporting to them are on notice now. The middle management bloat seems to be the target this year. My prediction is Ai and automation will be the big one next year as it’s not quite ready.
179k is the global headcount across every entity: NBCU, theme parks, Sky, CIEC, the lot. If you make a couple broad assumptions that 1) the restructure is aimed at C&P (US cable), 2) that population is around 70–85k people, and 3) the cuts target corporate/regional exempt salaried roles rather than retail, care and field, that pool is maybe 20–25k. So 10,000 roles would be close to half of it. Even against all of US cable that’s 12–14%. That's not small.
We’re all just guessing here though. Who actually knows. It’s a ton of cuts at the end of the day.
@af $100k is just a random guess though. For people with tenure at higher pay grades, the actual number will be much higher. VP/SVP layoffs will probably skew that average pretty high. An ED with some time under that belt might be closer to $200K.
@af 10000 people is a lot if you include the family impacted
@ac if we assume 100k of severance packages, 10.000 people will be impacted (out of 179k), it doesn't look a lot. Definitely not the 30/40% that people in this website expect.
$1B For McKinsey & Chums to make a repackage other peoples power points ? Talk about inflation.
So far it’s an investor confidence exercise
A one billion dollar charge off for Q4. That is a lot of severance packages.
Did he just confirm upcoming merger with Starlink?
@a9 yeah barely, they still bounced around the question. So lame.
@a8 last question dug in a little
@a6 the call is for reporters and shareholders. they don’t care about layoffs. they care about reporting the strategy of the company and their bottom dollar. they hear layoffs and see only cost savings. nothing else
all of the prepared statements i know were prerecorded but it gave off AI vibes. i wouldn’t be surprised if they had trained an AI to talk for them
I’m sure they are screening the questions and won’t allow any questions regarding the layoffs. Disappointing.
@a3 sounds like you add no value. Do you shop online all day instead of doing work that matters?
@a1 I hope someone pressures him to speak more on the One Billy
It's grim. A bloodbath is about to take place. I hope that those leaders responsible for my layoff as well as my cherished colleagues and friends will get the axe swiftly.
Only information so far has been $1 billion in expenses related to the restructuring
$1B charge for restructuring