According to my SVP, the workforce reduction actions implemented in this round did not achieve the level of cost savings Stephanie had targeted. This action was largely driven by a forecasted revenue gap over the next six months, combined with the rebadging initiative in March not generating the anticipated financial and operational benefits.
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I KNOW NOTHING!
@a1 not true. The board would bring in a former McKinsey employee to be ceo and then they would cut 99% of the company and claim savings. It would accelerate their plan 1000 fold.
@a1 - it's not only about the CEO, there a lot of such people around who are simply pathetic and create non-sense
If they bring in new CEO we would be in better situation now