I know of five people who got laid off this week. Is this common?
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What, everyone has to be offshore now?
They have laid off 25 to 30 thousand since they went public less than 5 years ago.. Layoffs are a way of life there.
Only Trigger to pull in order to align expense to revenue is layoffs.
Issue is that Conduent hires too many expensive people in the US / Europe. That don’t actually produce results! Look at all the Cliff Skelton directs gone in last year that did not pan out.
The company is going to have a very hard time growing the revenue line. Until the Sales team starts bringing in big deals and conduent gets its tech fixed, it will be an uphill battle!