Expect more layoffs with credit check sold.
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Fit and Focused is identical to Fueling For Growth. We know what that was code for.
@6few+1l6x0YhG you forgot cvr, it will be sold too.
Stock price went up that high because the potential sale got leaked.
Not advocating, but fact is, CDK did peak at $72/share, right before BM's big layoff of 2018, where they dropped to $45 or so and more-or-less stayed there.
Market share did go up for CDK, but only because Reynolds and Reynolds' CEO got caught dodging $billions in back taxes, driving clients into CDK's arms, where by then BK was CEO and waiting for them, using his tarnished-but-still-strong Intel cred to get them signing contracts.
With BM back though, I'm not sure how long clients will stay, and many renewals are probably coming up in the next year or two. If Autonation or Lithia drop CDK, they're screwed, and they know it.
Predictions, Lightspeed will be sold off next, if it wasn't already sold. SDWAN/IPNS may be sold after.
Drive and Service are the golden babies, so they won't be sold. They will be the last two products standing IMO.
When CDK was publically traded their stock was always between $42 and $48 a share. Basically stagnant for years. You honestly think CDK will grow with new and better entrants in the market? Losing market share every year and leadership without a clue equals doom. There is no way a company with 1979 linux technology and white labeling cr---y products will survive another 5 years.
I think they're going to sell off every department bit by bit
“Random bull sh-t post”
Yeah fu-k cdk wooooo I’m so discouraged
Get a life
"fit & focused"
The magic phrase that means you need to update your resume
LAYOFFS
OUTSOURCING
ON THE WAY
WAY TO IMPROVE REVENUE
MODEL BY MCKENZIE
Tech M
Outsourcing
Yesterday there was a Product & Tech all hands meeting with the new leaders. There was mention of more "fit & focused exercises". Only a matter of time.