4 ms·
Certainly should be a great comfort for the 12,000 people they laid off.
by falcolas 4y ago
Certainly should be a great comfort for the 12,000 people they laid off.
- renewiltord 4y agoI know people who were laid off from there. Very generous severance. Layoff had a target date many months away, and from that date onwards 3 months. $86/share -> $105/share? 22% gain in that wealth with that severance is a good outcome considering the company needed to downsize.
- falcolas 4y agoFrankly I haven’t really seen evidence supporting the phrase “needed to downsize”. The only need I’ve seen demonstrated was the “need” to bump stock price at any cost to the company. Doesn’t really matter, though. The board has cast its die.