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21 replies (most recent on top)
Just went from midnight to 6
CIP will be 0.8-0.95 and 20% headcount reduction in 18 months
Layoffs, if any in 2024, will only max out at 5% headcount.
I’m guessing the CIP factor for 2023 performance will be close to 1,0
Our business is doing great and we are hiring. 150 jobs on the company web site! CIP will be high and no layoffs. Everyone calm down.
If CIP is more than 0.5 then there will be 10 to 15 % headcount reduction.
If as some suggest a CIP around 1.0 or greater then the axeman will take about 25% of current headcount to satisfy wall street.
I like dividends, want more…
Big CIP followed by a Big Layoff/Reorg/ROM.....isn't that how it goes???
Negative .5 we will all need to help fund the next big dividend for our poor suffering shareholders.
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General manager makes north of 1MM a year. Who drivers a RO?
I wa in the elevator with a General Manager today and overheard say he had been browsing at the local Range Rover dealer based on inside knowledge of the CIP. Must be pretty good this year.
- 5. We didn’t meet our diversity targets and MW’s bonus depends on decreasing opex.
Heard from a good source MW wants to reward employees with a 1.3. Enjoy
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- .5, we need to return some of our cash to the shareholders
Upside to low CIP is we won’t have to gut budgets to cover the gap.
(Btw, having worked other places, I can tell you this practice is so nonsensical it’s absurd. Nothing like punishing your assets for success. )
- 5 and then. Layoff!!
TSR also lagging - guessing range is 0.9-1.2.
Definitely less than 1.
Methinks 0.8
Safety will be some red that 99% of employees had nothing to do with.
FGP means capital projects are red.
Financials are green.
Low carbon is green.