I haven't heard anything. Could it be yesterday was it?
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His stock buyback strategy is simply repeating the failed ideas of the Dauman era
Lay-off Bob!! The street and analysts have zero confidence in his turnaround plan. None.
Anyone who has the slightest bit of business savvy understands that layoffs don’t make investors happy. And will not save the stock from plummeting. Big risks and power moves will. Lay-off all the people that you wish and ruin some lives along the way, but that won’t save the stock. You don’t need an MBA or law degree to understand this strategic move that doesn’t return the ROI investors are clearly looking for. Shaving off the best employees for “cost efficiencies” is like doubling down on a 13 in black jack. Not the right move friends. Wake up. Be smart.
LOL. Sure, that’ll happen. Those are real jobs. LMAO
Hopefully the new positions being posted will stay around through this process as well.
Wow, seeing the breakdown of each years “cost savings” laid out like that certainly is jarring. Just an observation but I feel that target numbers are obviously a fluid, evolving target. Wasn’t original number pegged at 500 million? Either way, bumpy YEARS not months are in store. Yikes.
Deadline:
CFO Christina Spade said a chunk of $750 million in anticipated cost savings from the deal will occur “from incremental opportunities across areas where Viacom and CBS have the most overlap – namely duplicative organization areas, vendor sourcing and, to a lesser extent, real estate consolidation.”
Spade said the merged company will see about $250 million of the savings this year, $350 million in 2021 and the remaining $150 million in 2022.
https://deadline.com/2020/02/viacomcbs-q4-debut-wall-street-grills-ceo-streaming-1202864668/
+100000
You see the stock today? What ever they were planning add a few hundred more.