Luxury carmaker Rolls-Royce was struggling to survive, then CEO laid off 2,500 managers—now stock price has surged 500%

Rolls-Royce CEO Tufan Erginbilgiç fired 2,500 employees, mainly managers, to turn the company around. This move led to a 500% share price increase and added over $70 billion to its market value in two years. His plan included showing employees the company's difficulties and setting clear performance targets.