Yes, Sabre is in financial trouble

Yes, Sabre is in financial trouble, therefore layoffs might be necessary. People could complain and be bitter because:

everyone got a fat bonus just less than two months ago
we had an expensive leadership party in January
hired expensive new leadership over the last few years from Ebay, Hulu, Square, etc..

acquired new companies

Sean Menke made $39 million in 3 years plus we had Kurt
e-team compensation is ridiculously high for a struggling company with negative free cash flow, while some other company CEOs (Southwest) took no compensation
again, leadership pay is always high, regardless of how bad the company is doing
we could have taken a government bailout perhaps? Easy to say it in hindsight, but the 4.7 billion loan we have now could cripple the company for decade(s)
the payout package during Covid was extremely generous for many director+ people who were only here for few years

So yes, it would be nice if companies tried to be a little more conservative and save a bit of money which then saves the "normal" employees, and in general, plan for the worst case scenario (which often happens) and not just for the "we are going to be a $ 5 billion company soon".

Well said by @1fws+1mvUKKI9.

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The market really expects the tech modernization to reduce costs. I sure hope it does.

The future looks bleak, no new PSS in pipeline and Raddix not settling earth shattering results either. Will there be another business unit sell off to keep the lights on?? The mighty Sabre may ride from the ashes but as what remains to be seen!! Good Luck to all us survivors so far.

Sabre is definitely in financial trouble. Things weren’t exactly great pre-pandemic. Recovery from the pandemic’s impacts has been slow, some bad investment decisions have been made, some major customers have been lost, and the executives have continued to be paid well above industry average. If you compare Sabre’s financials from 2019 and forward to those of Amadeus, it’s painfully obvious which company has better weathered the pandemic and which has consistently been in the stronger financial position.

Being let go really su-ks, but given the situation at Sabre, those of us laid off now may have it better (at least in terms of being paid our severance) than those impacted at a later point.

and yet SABR has gone up about a dollar (+33%) in a month. what is going on?

And I might win the lottery grand prize even without buying a ticket.

Q2 financials might surprise many people, and exceed market expectations...

Launch24 will happen. Slightly different. It will be the Launch of bankrupcy and more layoffs as well as more bonuses for the Executors.

There will not be a Launch24. The event was Sean's baby. Kurt won't be wasting millions to host an annual 3 day holiday camp for the highest paid 2000 employees.

Interestingly enough, sabre had an Oh $h!+ moment right before Launch23. Everyone was pumped to do this again after a 3 year hiatus, where most stay a second week to be f2f in meetings and do smaller team offsites. A few weeks before, sabre realized how bad finances were and told everyone coming in to leave immediately after Launch23 unless absolutely needed the 2nd week. They were told as long as the change fees were less (a lot were $1800) than the hotel, car etc to change the tickets. What a freaking mess and a joke. That should have been first red flag of troubled times to come,,,, by March heads down planning major "cost savings" layoffs. Wonder if they will do Launch24 next February.

Thread regarding Sabre Holdings layoffs

Yes, Sabre is in financial trouble

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