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Also departing the company will be Apple stores head John Browett, who was known for bringing in cost-cutting measures and implementing a store-hours scheduling formula that cut employees' hours.
If You Cut Employees Some Slack, Will They Innovate?
Private equity funds, it was feared, would ruthlessly cut employees from acquired companies.
The company has cut employees' pay and reduced perks like tuition reimbursement and 401(k) matching.
While all banks are under pressure to cut employees and compensation, the competitive landscape is shrinking.
The easiest way for WPP to improve the margins would be to cut employees, he said.
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Only 11 states cut employee benefits.
After all, Stockton has already eliminated retiree health benefits and cut employee salaries.
Over all, it said, it seeks to cut employee costs by 20 percent.
The move follows a decision in April to cut employee pay by 10percentt.
May's net income almost tripled after it closed stores and cut employee costs.
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