I am thinking the ISP starts in March? Maybe March 18 to allow 30 days from previous separation? Possible, April.
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Nervous here. Its June 2.
Good-Bye Management… June 10 to 24 is timeline for 3rd round….
And those cuts are just the LATEST round this year! Prior to yesterday’s mass executions, the company had offered “buyout” packages to the entire staff…and a good number of long-time employees saw the handwriting on the wall and took it; albeit many reluctantly to see final nails into the coffin of Si Redd’s creation. A third round is yet to be announced, but I suspect it’s coming: layoffs of significant segments of upper management… mark my words.
Update:
This phase is complete. They will now focus on additional smaller cuts during the next few quarters.
As far as execution details:
This was planned 6 weeks earlier and reviewed by management and then executed this week.
@7qk that is bs. IGT was hemorrhaging money like crazy before GTECH bought them
Most of the layoffs in NY are on the IGT side and not Everi. Keep climbing Hector!
Looks like they discuss who was being laid off about 6 weeks ago and now processing the layoffs. A new company,- new direction.
Heard from a friend that the layoff meetings are continuing through Friday
@7mt this is just as bad as when g-techs bought igt. IGT was running like a welled oil machine up until g-techs and the Italians lottery bought them out.
hope hector enjoys that bonus...
Laid off today. Multiple field service positions eliminated in NY. Keep climbing that mountain, Hector!!
Apollo is a--hole.
just laid off. This is a big one. hearing over 400.
Here they go again.
@7h2 from the Reddit post?
@7gf what makes you confident that it’s started?
I am hearing 400+
It started.