The Cost Cutting Strategy That Isn't Working - Director Philips Employee Review

The organization is spiraling down as it attempts right the ship through cost cutting and new slogans like Sense and Simplicity or Accelerate. Can't wait till next years, which will probably be something like Expedite. Unfortunately, despite all of the internal and external marketing dollars spent what we are left with is simply cost cutting and accelerating the head count reductions. There really doesn't seem to be a true strategy but rather a new top ten list of things that the organization says it will do but are not measurable nor tracked. You can't even hire the best talent because in almost every case you are required to hire locally for cost reasons. In the end, I think Philips will be best to continue to keep its stock price low so that someone can come along and buy it with the hope that they turn it into something better.