When can we expect layoffs to continue?
4 replies (most recent on top)
I'd say every quarter. The financials are not good at all.
Company is losing subs every day so will need to cut headcount to keep margin looking good. Rather than cut executive bonuses, they'd rather get rid of the worker bees which is fine if they start rolling up their sleeves, but alas they don't.
Each layoff will help them survive another year but will need to keep chopping with the state they are in.
Look, they cannot even properly negotiate local news contracts...they will end up paying more and then reduce more heads to offset. Losing game with increasing content costs and SG&A. That combined with declining subs and revenues (price hikes will only hide the losses so long and then exacerbate the losses as people realize you can get a lot of groceries a month with their satellite bill money. You do the math.
They usually like to tell you before the holidays so you can save money and have a cr-ppy year end and new year. Or, this time they waited until you spent all your money and have a rough new year start.
I've been wondering the same. I'm surprised it hasn't happened with the amount of time techs are sitting around everyday.