yep all true.

In my (humble) opinion most companies are blundering into cost reductions without proper information to make such decisions. I think that over the last 10 years most companies have gone "lean" to such an extent that they do not have the organisational capacity to drive cost reduction programmes.

No richness in young ambitious people, no business intelligence IT components in place to adequately baseline caost and manage improvement programs from the baseline.

The overall motivation seems to be this year's executive bonus, rather than what is good for a sustainable business.