My uneducated opinion is this company had some downsizing and restructuring coming. But the leading edge of a big wave of downsizes might look like this, too.
I can only speculate, and I don't think that's particularly helpful. The 2010 downsizing was quite transparent. This time no ordinary employees seem to have the full picture of what exactly is going in.
That is a good sign. It means the ship is slowly turning around. It sucks for the employees being laid off, no doubt. However they have to do this. There is no other way. They bet big on support and services in early 2000s. So they have lots of those employees. Could they all start to learn new things adapt to the new environment, yeah, some will but not everyone will.
Heck, if they didn't lay off people, they'd still have punch-card machine cleaners and even cheese slicer designers (they used to sell those way back in the day).
Seems like a dramatic announcement if this was just a big downsizing. Seems more like a shut down with a few hail Mary moves to try to turn it into a big downsizing.
I don't think there will be enough business for the staff levels that they have," she said. "I would be scared to lose my job if I still had one.
This seems consistent with the company's statements that they are restructuring to boost profitability, as opposed to a frantic move to conserve a dwindling cash reserve.
Well if we're speculating, I'll speculate something else. Mark is shopping the company around, trying to find buyers. The buyers told him he needs to axe some projects and fire Jane. These things might not be related outside this context.
It even says in the other article that they are downsizing due to an "external analysis". External analysis happen when you are about to be bought.
It always surprises me when layoffs are this large. I would have thought the business would slowly scale down to keep up with business cessation. Guess it would be more awkward to fire people one by one for redundancy purposes.
Yeah. They have had a major layoff every year for the last 3 years. Are they just engineering a kind of forced unregretted attrition? The alternative is that it's just complete chaos in there.
They had a vague announcement about organizational changes a few months ago to a "flatter" hierarchy. It was the first hint of the layoffs that have now come to fruition.
Seems like a lot of rearranging the deck chairs. Hopefully the real work of significantly restructuring the company is happening behind the scenes where allthingsd can't see.
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