Thread regarding Cabot Corp. layoffs

Layoffs at Cabot are not a thing

we do not lay people off. many competitors do.

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Post ID: @OP+ZIWWlP1

5 replies (most recent on top)

Tell that to the Global IT group. They are all being outsourced to offshore MSP. Right before Christmas... Thanks for the memories Cabot.

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Post ID: @dVlsb+ZIWWlP1

60+ layoffs today. Alpharetta office to be shuttered by 9/2020

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Post ID: @2jipy+ZIWWlP1

Not surprised of recent layoffs or future ones. They used their tax cut of 2018 to buy back shares and make stock holders richer. In Q4 of 2018 the CEO announced a 3 year plan to buy back 400 million shares. Guess where that money will come from? (Hint, all those tax cuts that are driving up the national debt and layoffs)

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Post ID: @Niit+ZIWWlP1

The old Cabot rarely had layoffs(I've been through several). This is Cabot RENEW and it's all about cutting costs = Out Sourcing. You don't pay all that money to Accenture w/o getting some ROI. They will use the the latest buzzwords CoE or going lean... just words all the same meaning = cut cost through staff cuts/outsourcing.. I'm just hoping that haven't gone all the way to the dark side and cut before the Bonus + x-mas. Possibly, they still have some good in them.

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Post ID: @Dwtv+ZIWWlP1

You know Accenture is a huge outsourcer right? Are you saying that even if they pitch their services and accounting automation software to our CEO who is looking to cut costs that Cabot will not have layoffs?

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Post ID: @gfpv+ZIWWlP1

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