Anyone has a guess based on his prior experiences?
3 replies (most recent on top)
Major ones after Bill drops. Bill is a cancer that needs to go away for shareholders. Leech!
layoffs always on the table. easy button for CEOs trying to make numbers / show progress in the absence of actual progress.
there will definitely be org shuffling as is always the case when new leaders come in which will cascade. but given Bilbo will be board chair thru April '27, dont expect material changes until he is gone (in the same way we didnt see material org changes until Krispy King departed from the board chair position).
Given the next earnings call will be mid-October, ~45 days after they start, I wouldn't expect anything until they outline their plan to analysts.
Depending on where you sit in the org, both vertically and horizontally, I’d expect at least some level of reorg including departures, but can’t imagine it will be in Q3 or maybe even rest of 2026. Unless they get here and think it’s just that bad…
FWIW, while still 5 days in office, they apparently loosened some productivity tracking practices while at Fiserv, returning some autonomy to and restoring some leadership credibility with folks.
If you don’t usually listen to our earnings call, highly encourage you to dial into Lyons’ first as I think we’ll get best first insight then.