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  • John Schnitzel

    April 10, 2024 at 9:06 am

    The staff received the news long after the press release had been distributed. A global town hall was convened, and the CHRO announced the layoffs, adding insult to injury by delivering the message via a recorded voice, avoiding direct confrontation. It’s reminiscent of Stefan Paul’s approach at SGI, where he swiftly cut the global overland staff upon his arrival as EVP back in his early days. Yet, a decision of this magnitude requires approval from Klaus Michael. It leaves one pondering whether Klaus is orchestrating another strategic manoeuvre or if this marks the start of a downfall.