Given the dismal guidance for earnings, and clear indication of employees reduction, what is the % reduction we are expecting now ?
87 replies (most recent on top)
Today Morning meeting it was mentioned as 3%
Yet we somehow have $600 - $800 million to buy back shares this year
https://finance.yahoo.com/news/rockwell-automation-inc-nyse-rok-175213033.html
Over 700 people will be terminated
: Let me start with some general comments and then Nick can add some detail to that. The $100 million of savings that I mentioned for the second half of the year is totally separate from anything with the incentive comps. So that’s additional savings that’s totally separate from that. Embedded in that is a reduction in force of approximately 3%.
https://www.bizjournals.com/milwaukee/news/2024/05/07/rockwell-automation-to-enact-workforce-cuts.html
3% acording to this article
Is it going to be in US only?
word around the water cooler is a 3% reduction