Yesterday was just the tip of the iceberg. Insiders tell me there will be more layoffs to come in the days ahead right before Christmas and a massive restructuring that won't be for the faint hearted. Buckle Up. There is more turbulence ahead.
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Gee, i wonder of all the layoffs,how many were Sr. VP's and above.
Two people are responsible for this debacle. Greed and Festog. And they're off somewhere counting their money. They, and the Board Members, and the CHRO, need to be held accountable, NOW! Festog is hiding out in Colorado. Justice must be done.
I was laid off back in March supposedly because they were eliminating my position. The RVP's knew months in advanced the lay offs were coming. Some kept their employees by changing their job titles. I was not so lucky! But when I asked my boss if my job was safe, he assured me I had nothing to worry about.
Yup it’s true. More just happened Monday and Tuesday. Sales people are being laid off.
Really sad. The very large inequity from the Sr ps's and top executives in compensation are and always have been enormous.
The one's at the top will do anything to save their enormous salaries. Instead of getting rib of the top people who contribute nothing they lay off lower level emplyees and reduce the benefits of the one's remaining.
They sc--wed the old time retirees medical coverage big time by taking away the subsidy from the company. Willing to bet the top people are still covered by the company.
S. Rich is a nice guy, but never ran a company. Probably he was selected because they couldn't get anyone else. C. Festog was always a problem caused more bad than good. He was there as J, Greed's enforcer.
Evenyually, the company will be sold and the top people will get their golden parachute .
Inside sources are stating 57 were let go on Dec 12
How many were laid off yesterday?
Yes. 100%
I was laid off yesterday so you are saying more layoffs to come soon