The company took out loans to pay out private equity owners. They literally looted the company.
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The merger is months in the future IF it even happens - seems very much in doubt right now. And, if leaks are to be believed, CU has bled the company of income - hence loping off one quarter of the entire company at one time. Remember, the man behind the curtain seems completely disconnected with what is actually happening on college campuses and CU was actually thought to be a potential lifesaver! Unmitigated success, indeed!
If there was an actual business strategy, maybe there would not be so many layoffs. Oh, but we are doing it all for the students.
If you like your doctor you can keep them.
One thing is for sure, if you’re trans or LGBTQ you’re one up on keeping your job. The company loves to promote alternative lifestyles as of late.
What the guy below me said.
They were so arrogant they never saw this coming.
Don't make promises you can't keep.
The company is running out of cash. They have no choice at this point.