Nokia set plans to cut its workforce by up to 14,000 as it reported a steep drop in third-quarter profit. The telecom equipment maker said it’s looking to...
It’s what hedges and private equity investors want to see. Trimming the fat is easy financial engineering to make the books look better in the short term since they usually only stick around for 2 to 4 years before divesting.
Yep, and it results in lower employee morale, reduced efficiency, higher turnover, and long-term project abandonment. You can’t trim the fat off a workhorse without slaughtering it.
It’s what hedges and private equity investors want to see. Trimming the fat is easy financial engineering to make the books look better in the short term since they usually only stick around for 2 to 4 years before divesting.
Yep, and it results in lower employee morale, reduced efficiency, higher turnover, and long-term project abandonment. You can’t trim the fat off a workhorse without slaughtering it.