Business Feed Article | Business | guardian.co.uk
They are laying off 4,000 corporate employees. One of them happens to be a student of mine who makes well into the six figures there. Interesting to see their strategies. Their stocks dipped so they decided to cut a ton of employees to raise the stock price back up!
I think what they are doing is good. They are learning just like all the other big corporations how to be more efficient. Obviously I am on a much smaller scale but I am always after my employees: "What are you doing to make money?" ; "how is what you're doing right now keeping our doors open?" I think that when you can fire 4,000 employees, something is wrong there.
What exactly were those 4,000 people doing to make the company more profitable, or just simply make money? I'm no expert about the corporate world but when I worked for the RadioShack corporation it was a lot of dumb meetings, middle management flying around the country for other meetings that really could have been taken care of over an e-mail or phone. Lots of time-wasting man hours.
I haven't been so cruel yet to ask him "what the hell did you do there that would merit making over 100k a year??"
They are laying off 4,000 corporate employees. One of them happens to be a student of mine who makes well into the six figures there. Interesting to see their strategies. Their stocks dipped so they decided to cut a ton of employees to raise the stock price back up!
I think what they are doing is good. They are learning just like all the other big corporations how to be more efficient. Obviously I am on a much smaller scale but I am always after my employees: "What are you doing to make money?" ; "how is what you're doing right now keeping our doors open?" I think that when you can fire 4,000 employees, something is wrong there.
What exactly were those 4,000 people doing to make the company more profitable, or just simply make money? I'm no expert about the corporate world but when I worked for the RadioShack corporation it was a lot of dumb meetings, middle management flying around the country for other meetings that really could have been taken care of over an e-mail or phone. Lots of time-wasting man hours.
I haven't been so cruel yet to ask him "what the hell did you do there that would merit making over 100k a year??"
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