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That growth is probably coming from the downsizing of senior salaries more than anything. Seems like a constant story, experienced talent leaving and the company has no idea how much they are contributing. Wonder why the mid management roles are all staying though? Seems like that is top of the list to go usually.
Leadership dumped a load of $ on McKinsey consultants who have no clue how the business is run, prioritising short term benefit at the cost of long term deterioration. Also, invested a ton on the AI tool that is highly inaccurate, and the layoffs are the consequence of their bad decision making.