Thread regarding Sabre Holdings layoffs

I should have been a bankruptcy lawyer.

"It's going to take 18-36 months for them to get travel back on their feet."

Wrong. The airline industry will be back to pre-china-bug levels by October. Watch. As we've mentioned in earlier posts, UV-C air-cleaners are already on the fast-track for retrofitting commercial airliners. Ironically, airliners will be much better off, from a health standpoint, because of this lousy pandemic. In fact, some airliners have already had their overhead lighting converted to UV-C as a stop-gap. You won't know that if you haven't done any air travel, lately.

Stock options already went poof.
Chapter 11 is presumably the goal of management at this point.
Chapter 11 allows management to stop debt payment and redirect remaining revenue towards executive compensation.

It doesn't matter who is paying for TPF offload. If the people with TPF knowledge are too busy keeping the lights on to assist whoever is doing the offloading then it will not get offloaded.

If they go chapter 11 - likely. Then all the stock options go poof.

Sabre will survive like Kodak, Xeror.

I remember Xeror was powerhouse of technology and innovation. Now they are worse than HP(which atleast make some sales in printers) . But, they do exist.

I remember buying Kodak on a blackfriday from a circuitcity. Kodak still exist, but in a strange way.

So will Sabre too. So, don't worry abt Sabre, worry abt yourself and other employees like you.

we have 1.1 billion dollars in the bank.
Thats enough to fund operations for 1-2 years with "0" revenue. Sabre certainly is not going chapter 11.

I certainly expect a RIF though, how bad it is probably depends on the realities of attrition from the furlough, combined with early retirement takers and vol sev people.

Also the visa holders that weren't targeted previously would be in play as well.

The honest truth is, Sabre is in complete chaos right now. They dont know whos there and whos not. What the priorities are etc.

• They have to figure all the out still.

I expect them to lose 40-45 percent of the furloughed staff to attrition alone.

So will there be a RIF ? probably.
Who and Where ? TBD
Do u expect everyone back ? yes.
I expect the RIF +30 days after everyone comes back. They have to know how many heads they have first, and where the talent needs are.

Someone wrote: "while we furlough thousands of employees we are leaving only enough to keep the lights on, but also to work on mainframe offload, and to actually do the mainframe offload work we are trying to hire hundreds of external contractors mostly in India and Poland. " Simple: Google is paying for the contractors brought on to do offload under the partnership agreement.

Even more crazy is that while we furlough thousands of employees we are leaving only enough to keep the lights on, but also to work on mainframe offload, and to actually do the mainframe offload work we are trying to hire hundreds of external contractors mostly in India and Poland. The people who know how the mainframe worked are now either furloughed or completely busy with keep the lights on work though... so the mainframe offload is unlikely to go very well.

Just put that all on hold for a year or two.

Sabre will probably survive, but in a reduced form. You could imagine the further havoc it would wreak on the already battered travel industry should Sabre fold entirely.

Probably going to be a minimal "lights on" kind of situation for the next year or two, as there is really not much need for other functions aside from running the "essential" day to day operations. And after that, growth will be stymied due to a lack of investment in technology, an area we probably are already behind in to begin with.

Sabre will probably survive, but in a reduced form. You could imagine the further havoc it would wreak on the already battered travel industry should Sabre fold entirely.

Probably going to be a minimal "lights on" kind of situation for the next year or two, as there is really not much need for other functions aside from running the "essential" day to day operations. And after that, growth will be stymied due to a lack of investment in technology, an area we probably are already behind in to begin with.

With chapter 11 the company gets to wipe out equity holders, stop making payments on debt, and retarget cash flow towards executive compensation.

Will obviously be hard to pump the stock to cash in on options as in prior years, so I would expect chapter 11 to be the goal of management.