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Comments (2)
It is the same old script every few years. They love calling it a 'strategic pivot' to keep the shareholders calm, but those of us on the floor know better. The R&D pipeline is definitely being cannibalized to fund short-term margin goals. It’s hard to stay motivated when you see the long-term projects being gutted just to make the quarterly earnings report look a little prettier. I wouldn't bet on the current pipeline surviving the next round of 'efficiencies' unscathed.
I honestly think people are overreacting a bit. Every major tech and life sciences firm is trimming the fat right now. It is not a dismantling; it is a necessary pruning to stay competitive in an environment where capital isn't free anymore. If you look at the new focus areas, there is actual potential for growth. It is painful to see colleagues go, but from a strictly business perspective, focusing resources on high-margin sectors is the only way to ensure the company remains relevant five years down the road.