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 Top Glove lays off 600 staff

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raito-kun
post Jun 16 2023, 11:39 PM

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cukur kerajaan madani ekonomi makmur
AthrunIJ
post Jun 16 2023, 11:40 PM

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QUOTE(loon90 @ Jun 16 2023, 09:38 PM)
Not earn a lot meh during MCO
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Ceo thanks kuli for new house and car

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SUSpetpenyubobo
post Jun 16 2023, 11:51 PM

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QUOTE(AthrunIJ @ Jun 16 2023, 11:40 PM)
Ceo thanks kuli for new house and car

πŸ‘€πŸ·πŸΏπŸ€­
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They don't buy cash but take loans and with OPR now rising uncertainly looking at best ways to cut spending for financial result correction.

Best way is to cull headcounts.
blanket84
post Jun 16 2023, 11:53 PM

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QUOTE(Cincai lar @ Jun 16 2023, 09:44 PM)
most probably mid manager,.. mid manager normally locals,..
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Yeah. Mid managers are the most dispensable ones. You only need c-level (for money matters), exec/engineer and blue collar workers to operate.
SUSpetpenyubobo
post Jun 16 2023, 11:56 PM

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QUOTE(blanket84 @ Jun 16 2023, 11:53 PM)
Yeah. Mid managers are the most dispensable ones. You only need c-level (for money matters), exec/engineer and blue collar workers to operate.
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Execs and Engineers are Mid Level Management la.

Chief Execs, VPs and Senior Managers are top managements while lower end positions are the non exec laborers/supervisors.

Anything in between are Mid level management positions.
Ayambetul
post Jun 16 2023, 11:56 PM

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AthrunIJ
post Jun 17 2023, 12:00 AM

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QUOTE(petpenyubobo @ Jun 16 2023, 11:51 PM)
They don't buy cash but take loans and with OPR now rising uncertainly looking at best ways to cut spending for financial result correction.

Best way is to cull headcounts.
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Just to appease shareholders

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blanket84
post Jun 17 2023, 12:19 AM

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QUOTE(petpenyubobo @ Jun 16 2023, 11:56 PM)
Execs and Engineers are Mid Level Management la.

Chief Execs, VPs and Senior Managers are top managements while lower end positions are the non exec laborers/supervisors.

Anything in between are Mid level management positions.
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Exec are execs la. Mid level management are anything between c-level (chief xxx officer) and execs.
SUSpetpenyubobo
post Jun 17 2023, 12:31 AM

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QUOTE(blanket84 @ Jun 17 2023, 12:19 AM)
Exec are execs la. Mid level management are anything between c-level (chief xxx officer) and execs.
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Execs are mid level management that's why those who were mostly laid off recently by FAANG and MAAMA mostly were managers and engineers.

Usually the top management will ask these guys to do their dirty work of monitoring and supervising the non execs.
lorrydriverrocks
post Jun 17 2023, 12:35 AM

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QUOTE(loon90 @ Jun 16 2023, 09:38 PM)
Not earn a lot meh during MCO
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U earn a lot that time how long can u sustain? Unlimited money meh

 

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