Poor decisions, no talent, no accountability, pretty much every day is a disaster. Layoffs are just the end result.
2 replies (most recent on top)
It's goin' down, I'm yellin' timber!
Hatchet men are CEOs brought into a failing or distressed company primarily to accelerate its end, through aggressive cost cutting, asset sales, mass layoffs, shutdown of operations, or formal liquidation, rather than attempt a genuine turnaround. The company is often viewed as worth more dead than alive / assets exceed ongoing enterprise value / so the goal is a swift wind down that maximizes recovery for creditors or shareholders. Sound familiar?