Money

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or subscribe to Premium

Or buy full access to this story for £15.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.
  • 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.