What I like about BAT management is they don't seem to be lazy. Despite massive cash flows, the company remains efficiency oriented. They had quantum initiative, and reported significant savings achieved (I have no idea, and never found any information on how those savings were achieved), and what's more important, but nobody seems to notice, they constantly slash headcount.
2020 - 55,329 employees
2021 - 52,050
2022 - 50,397
2023 - 46,727
I wonder how long they can remain on this trajectory.
What I like about BAT management is they don't seem to be lazy. Despite massive cash flows, the company remains efficiency oriented. They had quantum initiative, and reported significant savings achieved (I have no idea, and never found any information on how those savings were achieved), and what's more important, but nobody seems to notice, they constantly slash headcount.
2020 - 55,329 employees
2021 - 52,050
2022 - 50,397
2023 - 46,727
I wonder how long they can remain on this trajectory.
A very rational view, without any hype, but neither stock-price-induced fatality. Thank you.