We still are not hearing that directors and VPs are being let go. Today 65 finance advisors and 7 finance managers were informed that today was their last day. 1 manager and 4 employees of the student accounting department were also let go. Enrollment numbers are declining and the marketing, IT, and financial aid departments are definitively failing to do their jobs. The decline started when the Credit Suisse guys came on board and continued with the onboarding of the app Vocado and that wreck of a CIO who had no idea. It is time for the 'GOLDEN' parachute employees to leave without their parachute. They have caused the downfall of what was once a great university.
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More layoffs coming in August 2017
More significant layoffs of US-based Operations teams are coming in August 2017. 2nd quarter numbers missed the mark so heads must now roll. The move to low-skill / low-pay resources in Costa Rica and India continues so management can make the company more attractive, artificially attractive, for a sale. Despite what management says, all changes are 100% financially driven. The CFO continues to drive the company into the ground to meet the CEO's financial numbers.
Customers have realized what is going on and continue to leave in droves. Upper UK and US management (VPs) who are close to the overall plan are now leaving en masse as well.
If you are a SgAS employee in the UK or US and are thinking of leaving or have an opportunity to get out, now would be the time to make a move. If you are thinking of joining the company in the UK or US, don't
MLS gave notice in February....Daves top 10 why
Why would she leave?? 1. Cant keep cutting your way to a bonus after 2 years, needs sales growth which of course there is none. 2. Significant compensation tied to bonus and stock which is financial results based. 3. Stay too long you are associated as a leader of a loser organization. Leave on your best year. 4. Industry is dying and no way to reverse it. Every business initiative and project was a failure. 5. IT failures continue under her watch, even accelerated. Outsourcing failed because systems are way more custom and poorer than originally thought. Good IT talent left, bad IT talent stayed and Infosys and TCS were tremendous disappointments - can't code hello world. 6. CIO SS was her pick and he royally messed up IT and it will not recover. 8. IP department and experience destroyed, accounting department destroyed, store personnel destroyed. 9. KFarts/Sears/Office Depot/Max have taken over and wielding their magic that ruined their previous companies and 10. MLS was bright, talented and a go getter and there are much better opportunities in a growing company/industry for her skills - just watch.