Looks like layoffs are back in fashion with the CEOs

5,356 Views | 50 Replies | Last: 3 yr ago by jickyjack1
deddog
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infinity ag said:

deddog said:

Aston04 said:

infinity ag said:

Detmersdislocatedshoulder said:

infinity ag said:

Just recently, around February, the press was talking about how companies cannot get people fast enough, how the job market was booming and was the "best ever". Now we hear about layoffs every day, both big ones and small ones.
These incompetent CEOs cannot plan properly to take care of risks, they go on hiring binges since it makes news, and then cut staff and claim to have done an amazing job by reducing costs.
It looks like companies are going to overdo the layoffs and suffer if there is no recession.


you are missing the silver lining. when everything goes south which it will, these same ceo's will all retire and get huge bonuses to leave. nothing like the golden parachute out the door.

Yes, I missed that.
These CEOs will lay people off, sell out the long term health of the company in order to show short term gains, demand and get a hefty bonus from the company and when the company starts to decline because of poor decisions made earlier, they will get fired with a golden parachute. And one of their buddies will get them another lucrative role somewhere else. Win-win. So why should they change?
Amen. Example: A publicly traded company I worked for around 2007. They BORROWED a ton of money to issue a one-time dividend. Dumb dumb dumb. How does that create lasting shareholder value? It does the exact opposite. But I'm sure the CEO got a hefty bonus from the board for his efforts. 4-5 years the later company was weak and bought out. Fortunately, I was long gone by then.
This isn't the CEO's fault. Chances are really good that the stakeholders lost a bunch of money. And that's how this gets fixed.

Borrowing money to give a dividend is pretty dumb. Now if you are justifying that, then it just tells me that you need to get out more. There are some situations that current rules cannot deal with. CEOs and boards know how to get around them, and the politicians don't care because they are on the take. It's all a nice ecosystem. You are on the outside, so you don't benefit.
Learn to read.
Before you spout talking points on topics that are way out of your depth.
LMCane
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infinity ag said:

Just recently, around February, the press was talking about how companies cannot get people fast enough, how the job market was booming and was the "best ever". Now we hear about layoffs every day, both big ones and small ones.
These incompetent CEOs cannot plan properly to take care of risks, they go on hiring binges since it makes news, and then cut staff and claim to have done an amazing job by reducing costs.
It looks like companies are going to overdo the layoffs and suffer if there is no recession.


Daily Layoffs
El Chupacabra
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Houstonag said:

They have been listening to one of those McKinsey consultants.
LOL, yup. The McKinsey 'Bobs' are currently floating through our company with the hatchet out.
bmks270
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infinity ag said:

Detmersdislocatedshoulder said:

infinity ag said:

Just recently, around February, the press was talking about how companies cannot get people fast enough, how the job market was booming and was the "best ever". Now we hear about layoffs every day, both big ones and small ones.
These incompetent CEOs cannot plan properly to take care of risks, they go on hiring binges since it makes news, and then cut staff and claim to have done an amazing job by reducing costs.
It looks like companies are going to overdo the layoffs and suffer if there is no recession.


you are missing the silver lining. when everything goes south which it will, these same ceo's will all retire and get huge bonuses to leave. nothing like the golden parachute out the door.

Yes, I missed that.
These CEOs will lay people off, sell out the long term health of the company in order to show short term gains, demand and get a hefty bonus from the company and when the company starts to decline because of poor decisions made earlier, they will get fired with a golden parachute. And one of their buddies will get them another lucrative role somewhere else. Win-win. So why should they change?


That's the incentive structure for public companies. Look ahead only 1 quarter. Not 5 years.
deddog
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bmks270 said:

infinity ag said:

Detmersdislocatedshoulder said:

infinity ag said:

Just recently, around February, the press was talking about how companies cannot get people fast enough, how the job market was booming and was the "best ever". Now we hear about layoffs every day, both big ones and small ones.
These incompetent CEOs cannot plan properly to take care of risks, they go on hiring binges since it makes news, and then cut staff and claim to have done an amazing job by reducing costs.
It looks like companies are going to overdo the layoffs and suffer if there is no recession.


you are missing the silver lining. when everything goes south which it will, these same ceo's will all retire and get huge bonuses to leave. nothing like the golden parachute out the door.

Yes, I missed that.
These CEOs will lay people off, sell out the long term health of the company in order to show short term gains, demand and get a hefty bonus from the company and when the company starts to decline because of poor decisions made earlier, they will get fired with a golden parachute. And one of their buddies will get them another lucrative role somewhere else. Win-win. So why should they change?


That's the incentive structure for public companies. Look ahead only 1 quarter. Not 5 years.
that's BS. Point me to a public company where the CEO has an incentive for only the next quarter and not for a longer term. That's not the incentive structure for most companies

There might be exceptions for companies looking for a turnaround.
TXAGBQ76
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Where were the tweets about the highest number of people not working? Has his "new" jobs outpaced all of the jobs his policies lost?
Where are his tweets about the highest run up of gas prices in history? Still has a ways to go to get back to the $1.38 I paid in January of 2020.
infinity ag
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deddog said:

infinity ag said:

deddog said:

infinity ag said:

Detmersdislocatedshoulder said:

infinity ag said:

Just recently, around February, the press was talking about how companies cannot get people fast enough, how the job market was booming and was the "best ever". Now we hear about layoffs every day, both big ones and small ones.
These incompetent CEOs cannot plan properly to take care of risks, they go on hiring binges since it makes news, and then cut staff and claim to have done an amazing job by reducing costs.
It looks like companies are going to overdo the layoffs and suffer if there is no recession.


you are missing the silver lining. when everything goes south which it will, these same ceo's will all retire and get huge bonuses to leave. nothing like the golden parachute out the door.

Yes, I missed that.
These CEOs will lay people off, sell out the long term health of the company in order to show short term gains, demand and get a hefty bonus from the company and when the company starts to decline because of poor decisions made earlier, they will get fired with a golden parachute. And one of their buddies will get them another lucrative role somewhere else. Win-win. So why should they change?
These are ridiculously simplistic and lazy takes.
Get out in the real world, work your way up and see how decisions are made.
Or read cases studies on how different companies handle recessions.

Every company is different, and there are a large number of factors that affect these decisions.


Dude, you are just drunk with the usual Republican nonsense about business and capitalism. The same companies beg the Govt for bailouts when their plans don't pan out.
So maybe you need to open your eyes and see what's actually happening when these business leaders talk big.
Stop being misled by propaganda, use your own judgment.
No, i've actually worked in multiple companies where we've made decisions like this.
And I've been part of great companies (current), good companies , not so good companies and terribly run companies.

I can tell from your simplistic takes that you have never been in a decision making capacity where your input mattered.

Your post is classic projection

Anyone can be Bill Gates on the anonymous internet.
In case you didn't know, I am Elon Musk.

You have just been sold the story that CEOs are gods and can make no mistake. You are cursed to be poor and will always be because you don't have the guts to question the system and use your own logic to do so. FoxNews can be an addictive drug.
infinity ag
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deddog said:

infinity ag said:

deddog said:

Aston04 said:

infinity ag said:

Detmersdislocatedshoulder said:

infinity ag said:

Just recently, around February, the press was talking about how companies cannot get people fast enough, how the job market was booming and was the "best ever". Now we hear about layoffs every day, both big ones and small ones.
These incompetent CEOs cannot plan properly to take care of risks, they go on hiring binges since it makes news, and then cut staff and claim to have done an amazing job by reducing costs.
It looks like companies are going to overdo the layoffs and suffer if there is no recession.


you are missing the silver lining. when everything goes south which it will, these same ceo's will all retire and get huge bonuses to leave. nothing like the golden parachute out the door.

Yes, I missed that.
These CEOs will lay people off, sell out the long term health of the company in order to show short term gains, demand and get a hefty bonus from the company and when the company starts to decline because of poor decisions made earlier, they will get fired with a golden parachute. And one of their buddies will get them another lucrative role somewhere else. Win-win. So why should they change?
Amen. Example: A publicly traded company I worked for around 2007. They BORROWED a ton of money to issue a one-time dividend. Dumb dumb dumb. How does that create lasting shareholder value? It does the exact opposite. But I'm sure the CEO got a hefty bonus from the board for his efforts. 4-5 years the later company was weak and bought out. Fortunately, I was long gone by then.
This isn't the CEO's fault. Chances are really good that the stakeholders lost a bunch of money. And that's how this gets fixed.

Borrowing money to give a dividend is pretty dumb. Now if you are justifying that, then it just tells me that you need to get out more. There are some situations that current rules cannot deal with. CEOs and boards know how to get around them, and the politicians don't care because they are on the take. It's all a nice ecosystem. You are on the outside, so you don't benefit.
Learn to read.
Before you spout talking points on topics that are way out of your depth.

Internet bully eh? Looks like I touched something deep down in the recesses of your psyche that got you all fired up.
Calm down and post calmly.

Become a CEO and then talk. Sniffing their undies won't get you anywhere.
deddog
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infinity ag said:

deddog said:

infinity ag said:

deddog said:

infinity ag said:

Detmersdislocatedshoulder said:

infinity ag said:

Just recently, around February, the press was talking about how companies cannot get people fast enough, how the job market was booming and was the "best ever". Now we hear about layoffs every day, both big ones and small ones.
These incompetent CEOs cannot plan properly to take care of risks, they go on hiring binges since it makes news, and then cut staff and claim to have done an amazing job by reducing costs.
It looks like companies are going to overdo the layoffs and suffer if there is no recession.


you are missing the silver lining. when everything goes south which it will, these same ceo's will all retire and get huge bonuses to leave. nothing like the golden parachute out the door.

Yes, I missed that.
These CEOs will lay people off, sell out the long term health of the company in order to show short term gains, demand and get a hefty bonus from the company and when the company starts to decline because of poor decisions made earlier, they will get fired with a golden parachute. And one of their buddies will get them another lucrative role somewhere else. Win-win. So why should they change?
These are ridiculously simplistic and lazy takes.
Get out in the real world, work your way up and see how decisions are made.
Or read cases studies on how different companies handle recessions.

Every company is different, and there are a large number of factors that affect these decisions.


Dude, you are just drunk with the usual Republican nonsense about business and capitalism. The same companies beg the Govt for bailouts when their plans don't pan out.
So maybe you need to open your eyes and see what's actually happening when these business leaders talk big.
Stop being misled by propaganda, use your own judgment.
No, i've actually worked in multiple companies where we've made decisions like this.
And I've been part of great companies (current), good companies , not so good companies and terribly run companies.

I can tell from your simplistic takes that you have never been in a decision making capacity where your input mattered.

Your post is classic projection

Anyone can be Bill Gates on the anonymous internet.
In case you didn't know, I am Elon Musk.

You have just been sold the story that CEOs are gods and can make no mistake. You are cursed to be poor and will always be because you don't have the guts to question the system and use your own logic to do so. FoxNews can be an addictive drug.
Dunning-Kruger effect. You will be wise to understand it.
Or read any book on economics.
infinity ag
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deddog said:

infinity ag said:

deddog said:

infinity ag said:

deddog said:

infinity ag said:

Detmersdislocatedshoulder said:

infinity ag said:

Just recently, around February, the press was talking about how companies cannot get people fast enough, how the job market was booming and was the "best ever". Now we hear about layoffs every day, both big ones and small ones.
These incompetent CEOs cannot plan properly to take care of risks, they go on hiring binges since it makes news, and then cut staff and claim to have done an amazing job by reducing costs.
It looks like companies are going to overdo the layoffs and suffer if there is no recession.


you are missing the silver lining. when everything goes south which it will, these same ceo's will all retire and get huge bonuses to leave. nothing like the golden parachute out the door.

Yes, I missed that.
These CEOs will lay people off, sell out the long term health of the company in order to show short term gains, demand and get a hefty bonus from the company and when the company starts to decline because of poor decisions made earlier, they will get fired with a golden parachute. And one of their buddies will get them another lucrative role somewhere else. Win-win. So why should they change?
These are ridiculously simplistic and lazy takes.
Get out in the real world, work your way up and see how decisions are made.
Or read cases studies on how different companies handle recessions.

Every company is different, and there are a large number of factors that affect these decisions.


Dude, you are just drunk with the usual Republican nonsense about business and capitalism. The same companies beg the Govt for bailouts when their plans don't pan out.
So maybe you need to open your eyes and see what's actually happening when these business leaders talk big.
Stop being misled by propaganda, use your own judgment.
No, i've actually worked in multiple companies where we've made decisions like this.
And I've been part of great companies (current), good companies , not so good companies and terribly run companies.

I can tell from your simplistic takes that you have never been in a decision making capacity where your input mattered.

Your post is classic projection

Anyone can be Bill Gates on the anonymous internet.
In case you didn't know, I am Elon Musk.

You have just been sold the story that CEOs are gods and can make no mistake. You are cursed to be poor and will always be because you don't have the guts to question the system and use your own logic to do so. FoxNews can be an addictive drug.
Dunning-Kruger effect. You will be wise to understand it.
Or any book on economics.

I see you know how to get to www.google.com or www.wikipedia.com. Bravo!
deddog
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infinity ag said:

deddog said:

infinity ag said:

deddog said:

Aston04 said:

infinity ag said:

Detmersdislocatedshoulder said:

infinity ag said:

Just recently, around February, the press was talking about how companies cannot get people fast enough, how the job market was booming and was the "best ever". Now we hear about layoffs every day, both big ones and small ones.
These incompetent CEOs cannot plan properly to take care of risks, they go on hiring binges since it makes news, and then cut staff and claim to have done an amazing job by reducing costs.
It looks like companies are going to overdo the layoffs and suffer if there is no recession.


you are missing the silver lining. when everything goes south which it will, these same ceo's will all retire and get huge bonuses to leave. nothing like the golden parachute out the door.

Yes, I missed that.
These CEOs will lay people off, sell out the long term health of the company in order to show short term gains, demand and get a hefty bonus from the company and when the company starts to decline because of poor decisions made earlier, they will get fired with a golden parachute. And one of their buddies will get them another lucrative role somewhere else. Win-win. So why should they change?
Amen. Example: A publicly traded company I worked for around 2007. They BORROWED a ton of money to issue a one-time dividend. Dumb dumb dumb. How does that create lasting shareholder value? It does the exact opposite. But I'm sure the CEO got a hefty bonus from the board for his efforts. 4-5 years the later company was weak and bought out. Fortunately, I was long gone by then.
This isn't the CEO's fault. Chances are really good that the stakeholders lost a bunch of money. And that's how this gets fixed.

Borrowing money to give a dividend is pretty dumb. Now if you are justifying that, then it just tells me that you need to get out more. There are some situations that current rules cannot deal with. CEOs and boards know how to get around them, and the politicians don't care because they are on the take. It's all a nice ecosystem. You are on the outside, so you don't benefit.
Learn to read.
Before you spout talking points on topics that are way out of your depth.

Internet bully eh? Looks like I touched something deep down in the recesses of your psyche that got you all fired up.
Calm down and post calmly.

Become a CEO and then talk. Sniffing their undies won't get you anywhere.
You have spouted talking point after talking point with a superficial understanding of the topic at hand.
Do you want to talk specifics?
Show me an example where CEOs have an incentive to perform well for only the next quarter?
Who do you think is to blame for some CEOs getting ridiculous contracts? What are the checks and balances?
Why do you think shareholders are important?

Tell me what the assumptions are in this post:
Quote:

Example: A publicly traded company I worked for around 2007. They BORROWED a ton of money to issue a one-time dividend. Dumb dumb dumb. How does that create lasting shareholder value? It does the exact opposite. But I'm sure the CEO got a hefty bonus from the board for his efforts. 4-5 years the later company was weak and bought out. Fortunately, I was long gone by then.
gigemags-99
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Site I have used for many years:

https://www.dailyjobcuts.com/
deddog
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gigemags-99 said:

Site I have used for many years:

https://www.dailyjobcuts.com/
Ray of sunshine with your morning coffee?
fullback44
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when will these Democrats realize that their party is not out to help them, rather to help the elites that control our society with their help.. democrats enable these people to do what ever they need to control society.. the problem is what they do is not always good for society like now... causing all this unnecessary inflation .. but keep guys like Biden around so you can see what he does.. .well its here now, I hope you people that voted for this are the first ones to get laid off, maybe you will begin to consider who is here to actually help the people.


layoffs = more government control via welfare and taxes to the people still with a job..
gigemags-99
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deddog said:

gigemags-99 said:

Site I have used for many years:

https://www.dailyjobcuts.com/
Ray of sunshine with your morning coffee?


Haha! I find it useful for keeping up with different business sector trends. More specifically for headhunting.
jickyjack1
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LSCSN said:

dang, if only they had kept all that Trump tax cut money, they could maybe save some employees

Employees? HR handles that.
jickyjack1
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