| Senior Research Assoicate |
The company is in cutback mode and retrenching, although company is
making money, they are not reaching ROI targets. All support groups
have been told to cut back 25% in personnel. This is tough medicine.
New engineers are being brought in at a much lower number. 25% of new
engineers hired 3 years ago were let go--first time ever. Only group
hiring is Biotech for Ag Chemicals. Businesses are told to shed
unprofitable groups. Research is cut back to bare bones. There is
strong sentiment within the corporation that if these drastic changes
are really needed, the current management should be the first to go--a
leadership team that reached this point seems to be a failure.
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