alt Hacker NewsThis is wrong
Which part exactly? Seems you just described why the layoffs happen? Two things can be true here, the new company can find cost savings by eliminating redundancies and have to cut deeper than desired to be able to service debt.
This is wrong
Which part exactly? Seems you just described why the layoffs happen? Two things can be true here, the new company can find cost savings by eliminating redundancies and have to cut deeper than desired to be able to service debt.
The cost savings from consolidating things like HR, and the debt payments are different by orders of magnitude. The cost synergies will be a rounding error. Structural changes like stopping investment in the future, mass layoffs, and selling off assets (or rights to the assets) will be required.