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Comments (2)
It is getting brutal out there. I worked at the Connell site for five years before they let me go during the last round of 'restructuring.' Management loves to hide behind corporate buzzwords like 'operational efficiency,' but it is just a clear sign they have lost their way. They are bleeding talent to keep the stock price afloat, and frankly, I wouldn't be surprised if this is just the first domino to fall for the rest of the facilities. Take care of yourself and start looking for an exit strategy now.
I honestly don't know why anyone is surprised by this news. Lamb Weston has been signaling these cost-cutting measures for months if you actually listen to the quarterly earnings calls. It is harsh, but this is the reality of the industry right now. If you have any skills that are transferable, I would strongly suggest updating your resume and testing the market. Staying to ride out the 'toxic' phase just to be on the next chopping block seems like a losing game at this point.