These massive RIFs are indicative of a reactionary CEO that can't manage expenses or forecast them. It should be a point of embarrassment vs badge of honor for "managing expense pressures." While continuing to tank productivity, quality and morale and revenue most likely. It is incomprehensible as to how this joker has any credibility on Wall Street.
I read this in one of the older threads and had to repost it. @1mhv+1iVThGr0 hit the nail on the head.