Quote of the week.
How do you decided how many people to fire, how many dollars to cut if you are the CEO of a company with 50,000 employees?
On Wednesday morning, Hassan arrived at the Kenilworth headquarters.
"I went into my office, I closed the door and I actually scratched out simply how I would see it," Hassan said of the cost-cutting plan. "I shared that with my CFO and other key members of management."
Source: Star Ledger.
Result: 5,000 employees to be fired, $1 billion cut in addition to $0.5 billion already announced related to Organon deal.
Nice round numbers. Not too much science to it.
Makes you think, it isn't really that hard to make those hard decisions . . .