RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Restructuring Good... Method, not so much.Exactly. CEO's do things for a thousand reasons that we will never know, but this press release smells of panic or knee jerk reaction more than Strategy. Why announce a 20% staff cut, even if you are dumping your ballooned 5G development team that is no longer needed. It should be a note in the quarterly financials. If they are worried about the stock price dropping, where is it going to go?
Get some fresh eyes on the situation to run it!
Givmeabreak wrote: It does? How so? Fact remains that they are and always have been an unprofitable business that is not capable of gaining the market penetration required, to be successful long term. Any busineman worth their wait will tell you, you can't cut yourself to profitability. This is more like an exercise in rearranging the chairs on the titanic.