This is not a company you want to work for! They are still letting people go.
Are they closing their doors? How can they operate and serve the people with their plans with such a low amount of employees?
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They didn’t follow 60 day rule in laying people off
There are many more layoffs planned. The new CEO thinks the company is staffed with losers and intends to fire as many as possible to upgrade the talent. The executive ranks are filled with people who don't know what they're doing and were hired for their connections. This company is going down and you would do well to flee the sinking ship before you get hurt by it.