Looks like company wide restructuring. I guess that’s what Happens when you have McK****y in the leadership team.
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It's funny everyone complained that Hikmet was incompetent, but he at least cared about the employees and the stock price at $17 when he left. All the new CEO has done is make everyone miserable and drive the stock price into the basement. Maybe he is hoping someone will buy them out or something because he doesn't appear to have a clue how to make the company better.
I am so glad I don’t work there anymore. Lot of good friends and good memories and I love the company for sure.
Yes, massive layoffs in most locations today and restructuring. Honestly still surprised how entire company didn’t go under yet with such incompetence at the wheel.