Restructuring has become a new way to announce layoffs without actually having to say the word. It's mildly put annoying and a huge cop-out. A title with restructuring and Walmart in it does not seem as bad as one with layoffs and Walmart, I guess.
https://www.cnbc.com/2017/09/12/wal-mart-restructures-us-operations-to-speed-change.html
UNION
Ask walmart brass what they think about that word..their kryptonite. Let's do it! F-ckem all
Yeah. It's like something out of 1984. It's a way to say you fired people without saying the word fired.
People wonder why corporations don't get anything done. It's because they talk a lot but the words mean less and less these days. Doublespeak is a thing.
"Reorg" and "Consolidation" were used for merchandising LAYOFFS
"Reorg" and "Consolation" were used for merchandising LAYOFFS
I hate them all:
cut back
downsize
rightsize
reduction in force (RIF)
retrench
phase out
scale down
trim away
My "favorite" is "displaced." One of the former EVP's in Finance used that term, A LOT.