I'm just wondering, if those on top have already determined a number of people who will be cut in this round or if that number will be decided by the way stock reacts to the earnings report? Mainly, the bigger the drop (I really don't see a stock price jump in any scenario) the bigger the number will end up being?
2 replies (most recent on top)
Number is decided, correction, was decided some time last year. They booked all of the severance in 2018, so 2019 will show all of the L&B savings. It's a go.
Of course the number has already been decided. There are too many things to work out first (pensions, severance, org structure, etc) to not have all the cuts already worked out. If there is a re-org coming, it really doesn't matter what the quarterly results are.