My first job after college was with Burroughs Computer Corp in 1981, they hired Michael Blumenthal who was treasury secretary under Jimmy Carter....
He proceeded to buy Sperry-Univac and change the name of the company to Unisys...
The brilliant profit plan was to fire a bunch of people, reduce costs until you were profitable, when that ran out, fire more people until you were profitable and keep repeating until they lost every customer they had and have become nothing more than a warranty repair company for people like Dell or whoever will hire them...
Over the years they’ve gone from over 120,000 employees to under 20,000 and from over 20 billion in revenue to under 2 billion and are calling it a success...
At FDR in Omaha, they called that mowing the grass. 10% off the top.
Are the profit margins higher?