Thread regarding Refinitiv layoffs

Trim higher management to safe jobs

observed that none of ELTs or >95% tier 2,3 and 4 management remained in position while almost no changes at entitlements i.e. enjoying "exclusive incentives/benefits package". Trim a few ELTs with theirs' packages will safe hundreds of job, if those slim fit trimming include tier,2,3 & 4 of 30% perhaps saving thousand jobs who contribute directly or produce revenue.

It doesn't make sense to keep loads of so called higher management in the pool whom will not directly impact potentials, prospects neither customer growth of existing businesses at performer for performances while those hard core stems contributing stability, advancing the growth is being removed! Weighed greater on higher management in the pool will definitely won't provide greater revenue and profit growth other than adjusted NUMBERS, isn't the logic won't work except short term number game by higher management ?

Headcount/Revenue/Hour, Reshape by reduce 2 ELTs plus 30% tier 2,3 & 4 Higher management will contribute double digits SG&A reduce/change while those will safe thousand of jobs while in exchange of future growth potential, expanding the horizon by no recurring investment with current facilities. Presume a slower pace at EBITDA change but steady..... SG&A stays by trim Productivity cost is good but not wise on removing roots of the tree (headcount). Short sighted on short term gains/game.

Time for change from TOP!

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Post ID: @YZsKOEz

4 replies (most recent on top)

Mkt Dev, don't get me started. The only team that can lose 30% of customers migrating from 20 year old products. Imagine their future results with five times the staff.

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Post ID: @YZsKOEz-6wvr

...I am having a hard time making sense of this post.

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Post ID: @YZsKOEz-flf

Short terms gain are the goal. Blackstone's game is "Flip or Flop."

If they were interested in building anything, Craig, Walton, and most of all, Turd-blossom finch would have been gone before the end of October.

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Post ID: @YZsKOEz-wyx

Y reduce this if u have a useless department called marketdev which is not adding any value but makes 25% of Sam staff?

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Post ID: @YZsKOEz-hgs

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