How worried should we be about more layoffs?
2 replies (most recent on top)
I would anticipate at least one fulfillment center to close and whatever office layoffs they can. They cancelled the compensation bonuses that they normally award in March.
They have a board member they are paying $50K a month who specializes in restructuring and bankruptcy. Dividends are suspended. "Peak" was pretty pathetic. You'd be naive to not anticipate further layoffs. I think we're gonna get a major announcement right before year end earnings on the 26th
More is coming, for sure.