If such austerity measures are the only way to salvage the income statement, a true leader would consider salary cuts, bonus moratorium and stock grants at the executive level. LEAD by EXAMPLE.
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Terdyherd only cares about reducing headcount and he and his underlings only know how to deliver to investors by reducing jobcount. It’s no secret that TechnipFMC prior to the merger with FMC thought the FMC org was bloated and overpaid. Meanwhile surface business customers are looking to throw TechnipFMC to the curb due to poor quality and missed ship dates. Good luck folks ... another 10% headcount will happen prior to end of Q4 to help boost meager earnings and lost contracts
The dropping stock value isn't helping this matter...
Very likely at the end of the next pay cycle. And every one after that until "overheads" (payroll) are cut to the bare minimum.