Last wave of layoffs has claimed at least 50% of the employees. Potential investors should avoid this company since it seems like it's scheduled for termination.
Redknee started to opt for severance package and asked to move out
Yesterday Redknee new CEO announced to opt for severance package and asked to move out to few employees if they want to.
Redknee CEO has been removed
Recently the former CEO of Redknee had been removed and now an interim CEO has been appointed.
Massive restructure 50 to 60 % of orga system (aquiredby redknee) employees will losse their job.recently Lucas inform during Q1 result
Massive restructure 50 to 60 % of orga system (aquiredby redknee) employees will losse their job.recently Lucas inform during Q1 result
http://seekingalpha.com/article/3888396-redknee-solutions-rknef-ceo-lucas-skoczkowski-q1-2016-results-earnings-call-transcript
Yesterday CEO and CFO clearly conveyed 200 to 300 person will be removed accross globe.seems most will be effected from Germany and India.redknee this quater loss was nearly 5 m.since last 6 months company share is going downward.