Thread regarding Hertz layoffs

How to downsize a company in 10 steps:

Step 1. upset all the management across the board-decrease their phone allowance. After all, management is in charge of creating a happy culture. Upset managers…..upset staff.

Step 2. Give zero merit raises and upset the managers more, but also expect them to work harder.

Step 3. Flash how much you are getting paid all while you take away everyone else’s pay.

Step 4. Announce all the fun activities that cost a lot of money on the intranet happening at the corporate location in Estero while the rest of the managers do not have a live able wage.

Step 5. Travel around in a private jet, in fact, buy another one.

Step 6. create meetings for entire departments to fly across country and wine and dine and stay in fabulous hotels-even though it could have been a teams call.

Step 7. Employ the same tenured staff to remain in director and VP type positions who were there when the company was run into bankruptcy. they made sound decisions therefore let’s do it again.

Step 8. Favoritism, after all, we are all family (toxic words).

Step 9. we didn’t upset the managers enough-so let’s force them into EVs. Yet, why aren’t the directors in the Chevy bolt-good enough for the customers just not upper management.

Step 10. Hire another CEO and pay him millions.

Investors…Really?????

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| 961 views | | 2 replies (last April 17, 2024) | Reply
Post ID: @OP+1s3tXMLo

2 replies (most recent on top)

Estero has tunnel vision. Like, they literally don't realize that Hertz exists beyond their four walls. I wonder where they think the cash registers are...

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Post ID: @2qon+1s3tXMLo

Now that ex-CEO Steve-o is gone, those that he brought in and protected will start getting picked off. CAO Shant is the first to fall, but don't worry, we paid him a nice severance to leave. Announcement coming soon.
I'm told old plane and new plane are on the chopping block.

Putting "we put people first" on everything doesn't make it happen. Worse off now than before Covid/bankruptcy.

COO is tasked to take out $500-800M in costs & efficiency, lot of yelling coming in the near future.

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Post ID: @qec+1s3tXMLo

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