Company wide Restructuring -Continued low Morale
Pros
Can't think if any other than Thank goodness I am not there any more...
Cons
There were quite a few very skilled, intelligent, highly productive team members who had high morale and desire for the company to succeed. However with the private equity/management consulting approach (a.k.a. laying more than 20% of the workforce off, and taking credit for other resources prior work that have led to a profitable year thus far, etc), the morale has and will continue to be very low as each Tuesday there are more lay-offs so you never know what to expect. if there are any long term employees (i.e. longer than 6 months) left then they are likely looking for other opportunities. This is a true real-world example of a private-equity/Wall Street approach to running a business...buy, squeeze profit by lay offs/restructure company, claim victory when profitable, sell entity, move on to another victim....this approach benefits only a few people at the top...Shameful short-sighted example of how to run a business...