Cost Cutting Creates Opportunity
I’ve seen this before. The first round of payroll cuts eliminates the low producers. The next cuts are interesting. They drop high-cost, high-producers, who have a reduced chance of success. We’re there.
I’ve come across a flurry of high-priced turn-around specialists who were released, without notice.
This wasn’t their failure to perform. Generally, ownership couldn’t see near-term justification to continue their relationship.
Often, that’s because the employer doesn’t have enough resources to support a long-term strategy.
It doesn’t matter whether Upper Management was right to fold.
What matters is, we may have the beginnings of a buyer’s market for high-producing managers.
We could be entering a once in a decade opportunity. Previously unavailable high-producers are surprised to find themselves on the market.
If you are a stable employer, with good prospects, you might be able to make a deal.