Nothing about potential layoffs or downsizing, only feel-good stories about the resilience of the company. I expect the purge this November to be as sudden and cold as it was last time.
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I am not sure what the intention of the "Bozo" asking the question was but if he/she was asking looking for the truth. You are correct. But sometimes it is enjoyable to ask those types of questions in a Town Hall just to watch/listen to management squirm. Cannot like them preach their narrative all the time.
The subscription model that TR has across it's businesses helps the business not fall off a cliff at any moment in time. The issue becomes as customers cancel or new sales misses goal, you will see this impact later in the year and next year as ACV slows or reduces. Short term they should be fine, medium and long term are the question marks.
Of course there will be layoffs at some point, they may not call them that, but there will be a reduction in the workforce. This could occur through a consolidation of segments or sub segments, my hunch is that there will be, and it makes sense when you look at the results.
Listened to the Legal Town Hall yesterday and it was generally upbeat, stating that earnings are solid. Of course one bozo asked if there will be layoffs, etc. coming out of covid. Listen: companies are not ever going to tell people on a company broadcast if layoffs are in the works.