For those of you that have been at TD for a couple years, you've seen how quickly the company is collapsing. Declining revenue, stock price below IPO two decades ago, huge turnover in management, ZERO product innovation, consistent layoffs in high cost regions while backfilling in India. SM should be embarrassed. I am actually shocked the board is letting this slide, and how they haven't fired him.
That being said, this has to end soon. TD market cap is $2B (and shrinking). The company is scaling back heavily and at a certain point, no one will be able to do any of the work with all of the layoffs. There HAS to be a breaking point; the current path is unsustainable and has been for years. Private equity has to be circling, or some competitor will buy TD for pennies on the dollar. The board will not let the company entirely collapse or fold. My guess is end of year or early 2026 when stock price is ~$15...