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Which now 30 company is most likely to go bankrupt within the next decade i think i have one company picked out that i believe has that true possibility hey guys is jeremy from the financial education channel so today we’re going to talk about which down 30 company is most likely to go bankrupt within the next 10 years if you know what the down 30 companies are
Do that some of the biggest companies in the entire world their companies like dupont ibm walmart apple mcdonald’s the dais of the biggest companies in the entire world and especially in america so who of those 30 companies is most likely to go bankrupt in the next decade first off pretty much all of them are very unlikely to go bankrupt it would be very hard to
Be one of the biggest companies in the world and then be bankrupt a decade later although it’s possible so my company i picked out is i be m ibm has a lot of issues going for him right now the revenue over the past two years is down seventeen percent seventeen percent the revenues down in the last two years from 98 billion they did two years ago to this past year
They only did 80 1 billion in revenue their profits have dropped substantially and this all while they’ve been cutting costs like crazy which i think a lot of their cost-cutting initiatives have hurt the company immensely starting at around 2011-2012 they cut costs on sales people so amount of money on commission sales people could make and what not and then has
Hurt the company immensely a person at ibm a sales person you used to make about 250 to 300 thousand a year next thing you know they’re paid rump down to about a hundred thousand dollars a year so we’re talking about fifty sixty percent down in their pay because they dropped down on commissions because i beyond thought they just make a lot more profits cut costs
Of employees and what happened is they lost so many employees so many great salespeople and ibm need sales people more than anybody and they lost so many of the best ones you can look it up in there are articles about you know and former employees who work there who just left the company saying i’m not in this to make a hundred thousand a year i wanted to make my
Quarter mil a year my 300,000 a year because that’s what i was making before and we were doing very good and you look at since that time profitability is just erode it it’s gone down and down and down so they cut almost cost they lost a lot of great please and their business is now failing partially because of that they’re part of why their businesses go as failing
Currently is they have so much competition from the top and from the bottom what i mean by that is there are a lot of other big companies like hp and a lot of those guys who are kind of hurting as well and they’re just gonna charge very low prices and they say screw margin we just need to get whatever we can for revenue in the door so they just cut margin and margin
And that hurts ibm because then they have to cut marge and go down to that level and then on top of that so you have the big companies doing that and then you have all these massive amount of startups that have started up within the last five six years that are now growing and growing and they’re taking bits and pieces of ibm’s market share away not all in ones
Just a little bit here a little bit here this cloud and let’s take this and let’s take that so they have from the top and from the bottom they’re just getting sandwiched in between the two ibm also has 33 billion dollars in long-term debt 33 billion dollars in long-term debt that is a massive amount of debt to have for that company so we shall see how it all plays
Out of all the companies that’s the one i would pick do you guys think i’m correct for thinking that or do you think there’s another company that might have a greater likelihood of going bankrupt within the next decade that’s in the dowel 30 please let me know in the comments section i love to hear what you guys have to say if you agree disagree or or if you just
Like the video in general if you haven’t subscribed to the channel please subscribe if you’re a first time watching is a financial education channel i talked about so many subjects like this i know a lot of people want to talk business and this is the channel to do so and talk about all these different subjects thanks for watching guys and have a great day
Transcribed from video
Next billion dollar company bankruptcy By Financial Education
