TO TRANSLATE BUSINESS-SPEAK...
A large part of this transformation is the uncovering of “synergies,” which is arguably the scariest word for an employee at a company.
“Synergy” usually means the closing and combining of stores, warehouses, and offices, REDUNDANCIES, which also often comes with job cuts.
““Synergy†usually means the closing and combining of stores, warehouses, and offices, REDUNDANCIES, which also often comes with job cuts.”
You make it sound it is like a bad thing. Any sane business exists to make money and maximize shareholders’ wealth. Employees are expenses. They add to costs. The lower the cost, the better the margins. This is particularly true of low-level positions that become redundant or unnecessary due to automation and other ADVANCEMENTS. I hate the word “synergy” because it is vague and you can attach any meaning to it.
I wish companies would not try to be politically correct and just say like they mean it: employees are costs... our company exists to maximize profits, so cutting costs is one of the direct ways to accomplish our mission.
The word “redundancy” has been synonymous with “job cuts” in the British Isles for ages. To be “made redundant” means to be laid off.