10% of CDKi to go - The cull has started
1500 replies (most recent on top)
@9t9v post makes no sense, and you have no idea how businesses apportion cash. If you're going to troll or be angry, at least make it make sense.
And the closure of hardware and the removal of associated support staff is the reason for no pay rises and bonuses for the minions recently. The money saved for not paying the increases is covering the low redundancy pay.
The kick in the teeth was people were doing the workloads of their previously departed colleagues for pi££ poor wages.
The extra months money is slave labour and taking advantage of long served employees
So, all those celebrations and self-congratulatory events over the years weren't actually about the company's success, but simply about the executives' bonuses and huge earnings?
@9t5b Some of the people getting laid off were asked to stay until October to help with the transition period, and they're getting an extra month's pay for it.
The sale is imminent, really, without any interested buyers that would make that extremely difficult. Yes I do know before you ask as involved. When initial due diligence starts buyers step away because of too many red flags. We all can see them as so obvious it’s a failing business with clueless leadership. Next step must be a fire sale as FP need to exit quickly as causing reputation damage to their investors.
@9t8f no chance.
@9t66 Not ALL the Bristol workforce resulted in immediate redundancy then. Sounds like a pre-determined outcome and not actually genuine redundancies.
I confirm the sale is imminent
Is the Bristol warehouse and setup/ repair area closed down as well?
The Bristol based Hardware department, which managed infrastructure for many of our largest accounts including Sytner, has been entirely shut down. Customers were given a strict 30 day notice period before their contracts were terminated, resulting in the immediate redundancy of a large portion of the Bristol workforce.
This abrupt move is directly tied to a separate corporate strategy: Francisco Partners is currently in active negotiations to sell the company!
The closure was executed to clear liabilities and streamline the balance sheet ahead of the deal. Consequently, there is currently an intense, coordinated push within the senior ranks to rapidly close out remaining operations, finalize the books, and wrap up outstanding projects as quickly as possible to facilitate a swift sale.
I never saw the troll bashing posts so unable to comment, however it does seem a little quieter on this page of late.
Must have something to do with the "large" numbers of layoffs recently. Incidentally, not very much has been said about those people who have alledgely departed. Was it a small number as reported?
Interesting that the UK bashing troll posts have been removed.
@9sw9 who is this "Rob" then? Never heard of her.
On a side note, has Kilroy purchased the Mr Blobby outfit which would complete his look during his reign of shi7e
@9sw9 wtf are you talking about, clearly not uk, clearly full of bs, and who tf is rob?!?
@9sj9 W anker
It is such a small amount of people affected in the UK which explains why not much activity on here as this site is mostly used by UK people
I've seen a couple of settlement agreements shared with various people around the business over the last couple of months. There doesn't seem to be any clause which is actionable to prevent people talking. Same as any restrictive covenant preventing you from working for a supplier or competitor. Any solicitor worth their professional status would overrule it and strike it out.
@9sdr Or in intense therapy to get over the trauma of working life at KL?!
@9san do you think maybe something has been written into the termination letters to keep people hush hush?
@9sdr "lives" (sp)
Perhaps we have just accepted what it is and are getting on with our lifes,
Why has there been very little news on those who have been made redundant? Software and hardware? If so many people were being let go, you would think more would have been said by those who have departed on the socials, Linkedin, etc. Even Keyloop's Glassdoor reviews are silent
@9rwt Good post.
Always think before you sign that piece of paper.
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Hoping they don't close Bristol as one member of staff practically lives there 13 hours a day, 250 days a year.
And the plan to transfer half of the support and development staff to India or Vietnam is nothing more known?
@9rr1 trouble is most of hosting has been moved to india, so what do you expect, no training, no knowledge, then that goes for the entire klt, usless
I take it the lifeboats were provided for the usual beings at Bristol?
Served notice to all customers and shut up shop. Always a pivotal business unit to the Kerridge business strategy of a one stop shop and putting the customer first. Always highly profitable and hugely valued by customers. So many wonderful people worked within HW over many years. It’s sad end and just another death nail from the muppets that FP have deployed to drive this business in to the ground. Once again they don’t care about the customers and the staff because they are all about their bank balance and bullsh-t image. RIP Bristol HW :-(
It’s interesting how our customers, mainly in main land Europe are ramping up on legal advisors when it comes to digitalisation, security and GDPR. Wonder where that originates from? Maybe Keyloop need to invest more money in that area as well.
Can't all be gone.
Bristol hardware and people gone, building closing end of this year.
How many people were let go? Hardware as in the Bristol office? Is the building closing down?
@9r7d when?
@9r6j all gone, yet another example of senior managment treating the staff and the customers with contempt
@9r6e Hardware completely gone? What has gone specifically? Anyone left?
@9r6e in which country?
@9r52 Yeah, myself and many others were let go. The hardware department is completely gone.
@9r52 People must be gone I guess, either that or they are too scared to post anything. They might give something away which they shouldn't.
To refer to this post:
"I've been told by a reliable source that there is going to be a large number of layoffs in Software Support and Hardware, looks like they're replacing Software Support positions in India."
Have the redundancies concluded now? This page has gone fairly quiet of late.