All the top leaders, top contributors have mostly been kicked out or left, there is a real knowledge gap, quality issues, and continuous layoffs that's forcing basically leftover seasoned employees out. How will this company run ? How will it ever get its golden IPO ?? Who will buy Nielsen stocks ??
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and then Calhoun bounced to Boeing, pulled the same sh-t, destroyed quality, planes crashed. these roaches never die.
I had the same questions and thoughts as someone who served as a SME in my department for a lot of different facets
Just another day (BAU) in Clayton County, GA.
The more things change the more they stay the same...is the old saying. I think a lot of you on here seem to be younger employees and don't remember or weren't around when Nielsen did this before in 2006 to 2010. This isn't new. It's the PE playbook. I was still a relatively younger employee in the nyc corp. office in the mid 2000s when our new PE owners brought in Calhoun and company to rip the place apart for eventual IPO. Tons of layoffs, remaining workers with 3x the responsibilties, and most high paying older mgrs let go...the company finally went public I think in 2010. I still remember watching Calhoun on CNBC rambling on about "over the top" and "connected TV," clearly out of his league and not knowing what he was saying. But he made his millions along with others while the company fell behind the industry...and this is why Nielsen is where it is today! Rinse, wash and repeat!
@dw if not worse the new management is as poor as the previous GCC ones
This was always the plan with GCCs (former manager here). They were always going to layoff there and get new people, if they felt any of the hires were poor. Seems they’re doing big sweeps though. New GCC Mgmt came in so I guess they need to look busy and flex muscle by slashing, burning, hiring new su-kers. Basically there is zero job security anywhere at Nielsen.
there will eventually be just endless problems with no one left who can solve them. everything is being held together by a thread ie. the few people left who are expected to clean up after everybody and still somehow know that their jobs aren't safe
@d0
Why GCC based? I’m not the original poster, but am US-based and have the same questions
OP makes an obvious but valid point that has been discussed to no end. Begs to ask if the OP is GCC based. That would make sense.
There's a playbook for private equities, look it up online.
I'm not sure it's going to play well in today's market!
I guess just by showing profit that came quarter after quarter after laying off employees each quarter