"Again if management is not responsible for the current state of affairs, who is? And who will be held accountable if indeed there are layoffs?"
Normally, the same type of individuals they select for layoff every three or four years as referenced on the indeed and glass-door postings. Nothing new going on here. Well, according to indeed and glass-door posts anyway.
But this time, (by adding new board directors to the company who will bring fresh perspectives, diverse expertise, and innovative ideas that are most crucial for turnaround efforts), there is an amazing opportunity to bring this company to new heights.
Additionally, they can call out management accountability and drive a focus on maximizing shareholder value by introducing fresh perspectives and challenging the status quo . They can also facilitate the removal of practices and or individuals that do not contribute to the company's increase of profitable revenue and shareholder value.
In my opinion, there should be positive growth direction with the addition to the B.O.D.