Can anyone explain BetaNXT? Did LSEG sell-off the BETA price of Refinitiv?
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2026: layoffs still on going. The PE firm has a playbook outsourcing plan for the company. They are also currently working on unloading betanxt to another buyer. Currently Betanxt is overleveraged as a result the PE firm has had to bail out the company a few times.
Many PE firms are also having the same issues due to the rising interest rates.
I expect Betanxt to be sold off in the next 12 months.
2025: Layoffs continue, probably trying to improve their financial picture before refinancing debt. Unfortunately employees are numbers on a spreadsheet and not valued for their work and knowledge.
Layoffs at BetaNXT are on going and uninterrupted in 2024 as of today. Steve Daffron apparently had moved on to his next victim in June and has been replaced by another very experienced Bankster. Unless you live in IN, signing on with these BetaNXT characters may be signing your own pink slip.
BetaNXT announced that it's a planned transition. Effective July 1, 2024, Robert Santella will take over CEO role. Steve Daffron will remain as Executive Chairman.
Announced today: Steve Daffron has been FIRED as CEO. Good riddance to incompetent bad rubbish, some have reportedly been quoted as saying.
Company meeting is coming up. Wondering what the big news will be.
BetaNXT is a back-office NYSE financial services provider, with a large number of employees who support the BETA business during market day located in Brookfield, Wisconsin. The core business (i.e. BETA Systems) was purchased from LSEG in 2022 and has been owned by private equity banksters for 1.5 years. No surprise that the word is that the 2024 plan of Steve Daffron of Motive Partners (the PE) is planning to CUT his way to financial health via layoffs and shipping US jobs to India, and lots of them. Big layoffs are coming in Feb – March, 2024.