it seems that our normal salary uprising in Feb had been delayed to july before august ......another new round laid off to cost cutoff?
2 replies (most recent on top)
In the second quarter of fiscal 2025, Synaptics repurchased approximately one million shares for $74.5 million. This decision focuses on boosting the company's short-term stock price rather than supporting the employees who are essential to its success. It’s time for Congress to pass the Reward Work Act (H.R. 3355), which aims to ban stock buybacks and promote job creation across the country.
For too long, companies like Synaptics have used stock buybacks to enhance executive compensation. These buybacks can temporarily increase the value of executives' stock holdings, benefiting them financially. Critics argue that this practice allows executives to take advantage of their insider knowledge and diverts necessary resources away from investing in employees and the long-term growth of the company.
Meanwhile Insider trading reports the management team cashing in RSU’s. There is a lack of responsibility and leadership.
Expect more layoffs as before the last round that an SEC filing (June 2024) flagged significant financial risks ahead.