We seem to be in a free fall for the past several weeks and there is really no sign of it slowing down. And we all know that the only solution for that are layoffs. Not figuring out what's wrong with the company, not changing the strategy to maybe improve profits, nope. Layoffs are the answer because it worked so well for us so many times before. /end sarcasm
In any case, I won't be surprised if we get a new announcement very soon.
BD and his Dream Team can’t right the ship. Reinsuring billions in poorly written risk can only get you so far. He came in talking growth and now he’s just shrinking the company like his predecessor. Wait until the losses from cyber Claims come rolling in. It’s a dumpster fire.
Layoffs are the new norm at this company. This has been going on for years now. They let go people with experience who actually know what's going on. They hire recent college grads who have no clue for half the salary. The they claim what a diverse company they are. The problem is all along they are losing money every quarter.
Do people still get surprised by layoffs?