HillysLastWalk said:How do we know Schwab hasn't been mailing it in? Or regressed in some way? There's only one side of the story: his.
I live close to Bristol, and know multiple people that work there. Just this week I was talking with someone about the layoffs (and on the tech side he was heavily involved, if not leading parts of the 3D stuff - which was canned), and he wasn't concerned. For example, they are still swimming with cash. Also, ESPN hasn't exactly had tons of layoffs in their history. So, a lot of the people, as it usually is with layoffs when it's not a crisis situation, are the poor performers, the people that were going to retire soon, basically, the people that should have been gone a long time ago. If they start letting go of the good people, that's when you know there are issues.
I hope for your friend (if he is your friend) that it works out for him, but with Disney now in charge, I can almost assure you that these will not be the last of the layoffs. I can also assure you that the line that it's poor performers and people that should have retired soon is the party line that HR and senior management want the rank and file to believe so that instead of looking to get out, they keep doing their job until they get the unexpected bullet. However, when they do get canned it will be told to the survivors that the terminated employee was old or underperforming and the circle of life will continue.HillysLastWalk said:How do we know Schwab hasn't been mailing it in? Or regressed in some way? There's only one side of the story: his.
I live close to Bristol, and know multiple people that work there. Just this week I was talking with someone about the layoffs (and on the tech side he was heavily involved, if not leading parts of the 3D stuff - which was canned), and he wasn't concerned. For example, they are still swimming with cash. Also, ESPN hasn't exactly had tons of layoffs in their history. So, a lot of the people, as it usually is with layoffs when it's not a crisis situation, are the poor performers, the people that were going to retire soon, basically, the people that should have been gone a long time ago. If they start letting go of the good people, that's when you know there are issues.
As many have said, if you really want to get rid of fat, terminate 2 of your six talking heads on the NFL gameday show, or cut the NFL, MLB, NBA, etc studio shows from 4 to 3 or 2. Try sports center with a single anchor. If things are so austere, roll back the salaries of VPs and above by 5 to 10 percent--that would save you more than cutting 50 jobs and their quality of life would not be so severly effected. None of these are done however, because replacing a senior researcher or your video-game writer with kids right out of college saves you cash without messing with the high-profile talent.