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Replies: 32
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Oculus Spirit [81409]
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What do you think about a company that has 32% increase in revenue
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Jan 18, 2024, 11:19 AM
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year over year, a 14% higher EPS, and is expecting double digit growth this year...but declares no merit increases and cuts bonuses in half(or more) for all management?
I know my conclusions are..but I'd like to get the opinion of some much smarter folks than me.
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Orange Blooded [2861]
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Confirmed
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Jan 18, 2024, 11:20 AM
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You work for a corporation
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Oculus Spirit [81409]
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Not a secret, but yeah.
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Jan 18, 2024, 11:24 AM
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Super Megacorp
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Hall of Famer [22109]
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what's the guidance?***
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Jan 18, 2024, 11:21 AM
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Oculus Spirit [81409]
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Whet did they say on earnings day?
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Jan 18, 2024, 11:22 AM
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They predict double digit growth next year..just like they have had for the previous 12 years.
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Hall of Famer [22109]
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well at least your stock options
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Jan 18, 2024, 11:34 AM
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are counteracting your flat salary
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Oculus Spirit [81409]
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Not this week***
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Jan 18, 2024, 11:37 AM
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Heisman Winner [105975]
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Reinvesting those profits into the business to grow it and increase
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Jan 18, 2024, 11:25 AM
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shareholder value.
Without the shareholders, the company is nothing.
The actual day to day employees don't make the company go, the shareholders do.
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Oculus Spirit [81409]
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We'll see how well the stockholders run the company
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Jan 18, 2024, 11:42 AM
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When they lose some of the folks who are driving the technology of the company.
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Heisman Winner [136991]
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Shareholders are all that matter
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Jan 18, 2024, 11:25 AM
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everyone else is just a cog in the wheel.
And they expect the job market to tighten up so you can't jump ship.
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Oculus Spirit [81409]
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I think you are partially there.
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Jan 18, 2024, 11:33 AM
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I think they want to get rid of a bunch of people, and don't want the stigma and costs of layoffs.
This seems pretty short sighted from an innovation standpoint; the "brightest and best" won't work for a company that does this kind of thing, at least not for long.
I'm not sure what MBA schools are teaching their students these days, but "long term planning" seemingly is as long as most CFO's and CEO's plan on keeping their job--about 2-4 years.
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All-TigerNet [11257]
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Re: Shareholders are all that matter
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Jan 18, 2024, 11:51 AM
[ in reply to Shareholders are all that matter ] |
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I was thinking it was more an Organized Crime Syndicate. Once you're in there's no way out cept deaded.
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All-In [27488]
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Our big layoffs always seem to follow a solid quarter.
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Jan 18, 2024, 11:31 AM
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Makes the next company townhall real interesting.
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Oculus Spirit [81409]
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I've noticed that as well. Its almost exactly oipposite of what you are
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Jan 18, 2024, 11:37 AM
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being told.
After the news of merit increases and raises came out we had a town hall in which it wasn't mentioned at all, and they just kept saying how happy they were with our progress and kept thanking us.
I think not paying increases and bonuses also puts the company in better position for mass layoffs--they won't cost as much.
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All-In [27488]
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I keep hoping for a down quarter and we all get Porsches.***
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Jan 18, 2024, 11:38 AM
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All-In [26640]
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Sounds likes someone is getting a subscription to the Jelly of the Month club***
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Jan 18, 2024, 11:50 AM
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Oculus Spirit [81409]
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As reactonary as this company is, they might be afraid to do that.
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Jan 18, 2024, 11:54 AM
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I think the board must meet twice a day, and depending on what the stock is doing is how they determine strategic plans for the next 6 hours.
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Orange Blooded [4728]
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Either market uncertainty so they are hanging onto cash
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Jan 18, 2024, 11:59 AM
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which you say is not the case or they are boosting earnings in preparation to sell the company
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Oculus Spirit [81409]
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Re: Either market uncertainty so they are hanging onto cash
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Jan 18, 2024, 12:25 PM
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The company has 380K employees. I doubt it's for sale, but I guess it's possible.
I agree they are prepping for something, all I can figure is they are going to unload a ton of employees.
The messed up part is that bonuses are really for last years work, not for what I do next year. I guess those weekends and nights last year I worked didn't mean that much for all the money they made then. I'll be sure to use every second of my PTO this year(or as long as I am here), that's for sure.
It's going to be interesting come March after bonuses are paid, who stays and who leaves.
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Oculus Spirit [97965]
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Depends on their expenses. Benefits, materials, overhead,
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Jan 18, 2024, 11:59 AM
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If their lease is coming up for renewal, their rent for office space could go WAY up. You really don't know.
Or they could just be giving you the shaft.
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Oculus Spirit [81409]
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Their largest cost is labor.
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Jan 18, 2024, 12:32 PM
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I guess they fixed that, at least for the next year.
I mean if they can't make money at 30% year over year growth, what will they do when it's flat growth? At some point..you can't lay off but so many people and still stay in business.
My department can't run any leaner. LOL..I actually made the corporate risk register last year because we were so lean. That got some people moving to make sure I was able to hire some people last year.
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All-In [46925]
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It's simple supply and demand economics. When Profits go up
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Jan 18, 2024, 12:20 PM
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you lay a bunch of people off and make a lot of cuts
When profits go down you lay a bunch of people off and make a lot of cuts
But it's ok because we are a family here.
Message was edited by: FBCoachSC®
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Oculus Spirit [81409]
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One big happy family!***
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Jan 18, 2024, 12:25 PM
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All-In [44077]
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Sounds like a GREAT stock to buy***
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Jan 18, 2024, 12:23 PM
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Oculus Spirit [81409]
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Not this week, but actually, it is.
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Jan 18, 2024, 12:26 PM
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Even at its somewhat own value, I've made some money on it (on paper anyway) from a year ago.
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Oculus Spirit [79304]
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EAT THE RICH***
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Jan 18, 2024, 12:26 PM
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Oculus Spirit [81409]
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AND THEIR #####***
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Jan 18, 2024, 12:27 PM
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Oculus Spirit [79304]
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Srsly though that board of directors must be well compensated
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Jan 18, 2024, 12:42 PM
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I just got a 16% raise round here. Still not making what the market average for my job is, But I don't work a full 40 hours a week so I got that going for me. Which is nice.
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Oculus Spirit [81409]
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Always good to hear of anyone making more money.
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Jan 18, 2024, 12:45 PM
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You beat inflation!
The only positive I can find out of this so far is that maybe I won't owe as much next year in end of year taxes.
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Oculus Spirit [81409]
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I feel like I'm reporting from a non-declared war zone.
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Jan 18, 2024, 1:08 PM
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I just of a few layoffs this morning and other "re-org" meetings being called now. The ones that were laid off got no severance or stock vesting.
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All-In [46925]
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Time to trim the fat Quincey
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Jan 18, 2024, 1:10 PM
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Oculus Spirit [81409]
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pretty much exactly how its happening***
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Jan 18, 2024, 1:13 PM
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Hall of Famer [23048]
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People too busy boot licking large corporations
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Jan 18, 2024, 3:06 PM
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Trickle down nonsense.
Have you considered working harder or pulling on your bootstraps?
With inflation over the past two years, it's criminal what companies are paying their employees in raises.
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Replies: 32
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