I believe yesterday was the final day to accept a retirement package if offered one. Unfortunately, this might signal the start of layoffs.
Interesting point @11YHmyU0-gcsz . Could this really be an indication that the layoffs could start soon?
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Have heard layoffs are starting tomorrow from a source in Midland. Anyone hear similar?
CEO is inept and is definitely winging it! Lol
I think layoffs will start soon. I would think they will be done before end of Q4 so savings can be shown end of Q1 2020.
Regardless, good luck everyone. Hoping to make it through this mess to the other side.
Happy Thanksgiving!
There may be a few layoffs here and there, but I don’t expect any full scale layoffs to occur until mid January. Let everyone collect their low-value stock grants to be “fair,” but do the layoffs before bonuses get paid out. The company has certainly gone that route before.
Then again, who knows? It is hard to feel confident about much of anything these days when it has become clear that the CEO is just winging it every day and his new two-amigo leadership team are more interested in making videos and whipping up some “secret sauce” than actually managing a company.