Has anyone heard anything new related to year-end RIFs? When is the Elliott presentation taking place, if it is? I would think it would be scheduled by now if that's still happening.
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Agreed on something big coming, but its not RIF's of Christmas. IMO teams are still trying to figure out who they report too now and how to get all the new work done. April is my guess.
To date, I doubt Elliot made more than 10-15% ROI. Something BIG is about to be announced. Surgical spinoff, ACM spinoff, new CEO, …..
I heard about a Surgical leadership meeting in Nov... all Sr Dir and above in Colorado. That doesn't happen usually so thinking a big announcement is getting rolled out there. Anyone know anything?
MDT will present to the board around mid December. Based on Elliot management usual pattern - they will aim to exit mdt by mid August 2027if things are looking stable. Or end of 2028.
Mass layoffs will probably accelerate after the MDT presentation. Q3 usually has the mass layoffs, restructure, cost cutting and hiring freeze.
New budgets are discussed and finalised in February.
Hope the above helps
I haven't, but I won't be surprise if there is a RIF.