What a complete shock that HW missed on revenue after furloughing the people who generate revenue. Who could have ever predicted this would happen?!
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I wonder if that will equal 30% reduction in head count. Please pick me for the 30% reduction in force.
Let's say there's 15 production workers on each line. I think you can do it with 10 and make the other ones work overtime.
Then you can let me go so I can click my severance package.
Same old sad formula. Reduce heads, close sites, reduce benefits (They milked that to death already) Change 401K match (Kinda did that too but there is room to milk some more) Delay raises (Did that too) MIP's are harder to reduce but they have their bean counters working it. It's a bad dark company to work for in "Head wind" environments.
....and with the damage done over the past 6 months plus the EOL of a ton of legacy junk with no replacements this year will be a shocker.
30% drop in quarterly profit. Nice job DA! Gonna have to layoff even more people and shutter a few more sites this quarter. This pretty much guarantees no raises and more furloughs to come.
Exit DA. Our peers are performing much better. Our stock price is flat. Building a strategy around legacy offerings, outsourcing and screwing your own staff (unpaid leave, RIFs, no salary increases) clearly doesn’t work.
Where oh where is management's PIP. They are the worst.