Layoffs announced in UK for end of april
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"CC sent an email yesterday. Bulk of layoffs done, but not over. This phase gutted the company."
So then, yes there will be more. That POS has never been honest.
They posted that another 1000 roles will move to GCC after the November cuts
CC sent an email yesterday. Bulk of layoffs done, but not over. This phase gutted the company.
More than likely there will be, they announced 1300 in November, they didn't even come close to that number, so that was a total in the layoff 'planned', but with that leadership, well. I wouldn't be surprised if they moved the company HQ to India at this point.
My guess is certainly more unless revenue surges. They dug a billion dollar hole to fill with the failed acquisitions. Revenue hasn't lived up, they are heavily leveraged and cash flow is tight. Expense reduction is the only lever management has to prop up earnings per share or risk further collapse of the stock.