A I-9 audit is in progress. Gainwell is doing their due diligence to ensure all onshore employees are legally employable. Could be setting themselves up for a future sale.
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@4b6 No one in this administration cares about jobs being shipped to India. I9 audits only apply to people actually in the United States.
@OP Are you able to tell whether the I-9 Audit is being done just internally, or are ICE/Customs Immigration enforcement officials involved. Makes a big difference, and may give a hint whether someone in DC has been paying attention to all the reports of jobs being shipped to India
@1dd Agreed. No one should purchase them. They have massive debt and massive lawsuits. They are a walking liability. They need to be closed and business picked up by their competition.
Why would anyone want to purchase Gainwell when they have almost $6 billion in debt coming due in 2027?!
@a8 Yeah they have accomplished nothing but stealing from the states and not delivering. Gainwell has so many contracts that they haven’t delivered on. They are still taking money but they aren’t delivering anything at all.
They will continue to lose more business than they are taking in until they are no longer relevant.
Between the push for unachievable Q 4 growth and the FY 27 fantasy budget forced upon the contracts. Yeah …..e suite looking to line their pockets during a sell off. Leaving new owners in a lurch
In the time it's existence, what exactly has Gainwell accomplished? If anything, much of the business they bought have been lost and there is little margin in the contracts they retained. What value is really left. Sad so many lost their jobs in such a dismal endeavor.