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Close to 2,500 Carvana Employees Get Laid Off Over Zoom

HR Digest

The layoffs will mainly be for Carvana employees in operational groups as the company seeks to “better align staffing and expense levels with sales volumes.”. Apart from Carvana employees layoffs, the company will also be taking other measures to streamline its operational activities. Carvana Employees Layoffs.

EBITDA 52
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During this Crisis, Don’t Expect Business as Usual from the Family Enterprise

Strategy Driven

That uncertainty and inability to be in command of business operations makes us anxious. This is a time to share the challenges regarding fixed costs, debt, obligations and the cost of doing business. Use this opportunity to talk to younger generations in the family about business operations and the trials ahead.

Crisis 70
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Groupon Doomed by Too Much of a Good Thing

Harvard Business Review

This is the essence of Groupon's declaration last week that it will remove the controversial accounting metric called Adjusted Consolidated Segment Operating Income (ACSOI) from its financial statements. ACSOI essentially measures Groupon's profits before subtracting its subscriber-acquisition costs and stock option-based compensation.

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We Can’t Study Short-Termism Without the Right Metrics

Harvard Business Review

While a laudable effort in principle, measuring a company’s tendency to make myopic operating and investing decisions is fiendishly complex. But the other indicators probably pick up legitimate differences in how companies in the sample operate, as opposed to whether they are myopic. Overly optimistic financial statements.

EPS 8
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China’s Slowdown: The First Stage of the Bullwhip Effect

Harvard Business Review

The essence of the phenomenon is the fact that each stage in the supply chain plans its capital projects and operations, including inventory levels, based on its future expectations. Macroeconomic data during the 2008 financial crisis show the bullwhip effect operating on a much broader scale. For example , U.S.

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Why Tesco’s Strengths Are No Longer Good Enough

Harvard Business Review

If round after round of profit warnings was not enough – group operating profits fell 20% between 2011 and 2013 and are likely to fall another 30% in 2014 — the company recently announced it had overstated its first-half profit by about $400 million. billion in 2013, and operating profits increased 65% to $422 million. billion to $8.6

Retail 10
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Aligning Your Organization with an Agile Workforce

Harvard Business Review

And in a particularly interesting study, Freelancers Union , a US-based organization, reported that a quarter of the US workforce were project-based independents working for more than one organization. More recently, Deloitte estimated that 30 to 40 percent of corporate FTEs are supplied by external resources.