Managing the bottom line on the backs of employees through layoffs, not through new ideas or innovation. Look at the town hall meeting. The main area of improvements was operating expenses. Let me tell you a secret, reduce headcount by 1500 and you will improve your bottom line - temporarily.
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I believe management will get another nice bonus and the rest of us will get nothing.
Hahaha, most of the stores are reporting they had an awful rush.
Management, "sales are great!"
They will increase revenue by selling books that have been sitting in the warehouse for a long time and producing crappy apps that everyone hates.
Layoffs will continue.
Did management explain the continuing revenue decline during the town hall meeting? What new ideas did management offer to reverse the decline?