world's best practice
The first thing I think of when I hear that term is dud management. Apparently, there must be a practice that the world has voted to be the best, it could even be the saying itself.
Thinking further about AJ's call for cutting 5000 jobs, if it is not based on any sound business principles, could it then be construed as work place bullying? I'd be willing to accept this fate if there were valid well reseached business reasons for the 5000 jobs to be cut, but not if it was just a whim of AJ's confused management style.