Announced in 2015 when annual revenue was only $30bil, it was a ridiculous target to hit that only set us up for failure and disappointed shareholders. In 2019 we had $39bil in revenue, so even without covid we would've never jumped over $10bil extra in a year to meet that target. It was so mind numbingly du–b and dishonest yet we paid nilllions for this projection from "management consulting" 22 year old Ivy league grads who have zero experience other than excel pivot tables to fortune tell. The fact that loss leaders like VL exists is a great representation of how companies like Bain (also where JD came from) can exist as well – not much better than a monkey throwing darts to determine what the company should do.
They have no idea what they're doing. It was supposed to be 500 layoffs, announced last summer, but increased to 700. that was supposed to end in Jan '21 – not including layoffs in other cities/countries. Now it's more layoffs foreseeable to the end of 2021, they are building the plane as it's being flown.
Also good job D&I, of all the money we poured into you and the forced diversity hires and promos, you still managed to lose Simone.