At the time of posting (10.45 AM East Coast) it seems like the stock market is not too thrilled with the expected announcement of 20,000 layoffs later in the day. The stock is trading down. Not a good sign. Usually Wall Street loves nothing more than the prospect of thousands of employees hitting the scrapheap as this helps the bottom line and frees up a few billion more for senior management to award themselves even bigger performance bonuses. The problem is, relatively few companies have benefited long term from massive lay off programs. You need look no Further than GM and Ford to realize that the quality of your products and the way you market them are of far more significance than your head count. I’ll do another post after the announcement later in the day and how I think this whole situation is going to affect Intel's advertising. Then, I’ll drop the subject… Maybe!
Silver lining? Nahhh!!!
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