Wasn't TM an ex marine? probably never learned this lesson. See end of the TED Talk
Seems layoffs are the first choice. None of the leaders of this company would ever think of them taking a pay cut or sharing in the pain.
lack of loyalty to those below you will always result in a lack of loyalty to the those above. So people hang on to milk the company and the new hires get the name recognition and leave within 2 years unless they know they are in box 1.
Such a shame and the old Garrett founders, Sperry etc. must be looking down at disgust at these new supposed leaders.