A questions: Once the execs present to analysts about cost cutting plans are we going to know how big all job cuts in 2016 will be?
4 replies (most recent on top)
only 300? seems like it should be more.
About 300 in first quarter 2016, another few hundred in the fall if prices don't stabilize.
If the CEO cares about keeping his job, there will be cost cutting including significant headcount reductions, otherwise the board (who represent the investors) will find another CEO (and mgmt. team) that will be more sensitive to their needs.
They will also be risking higher borrowing costs going forward for credit if they don't make additional cuts.
what are you talking about?