Thread regarding NCR Corp. layoffs

Brendan
The evo leadership team are polished professionals that always have good judgement

[scene]
Enter Sloppy stumbling Starrett sipping Stella’s

Also Brendan:

[scene] stoic silence

Brendan -
We have had maybe 2 handfuls of people on the inside driving this transaction.

Also Brendan -
Reply all to 500 people on NDA email distro.

Brendan -
It’s ok client, we aren’t selling digital banking.

Also Brendan -
Hey client we sold digital banking.

Brendan
I have long washed the stench of PE off of me

Also Brendan
I’ve know both partners at the PE firm we sold to for 20 years

Brendan -
Talent needs to be sourced from Atlanta and non office employees need to be let go.
[scene] former employee’s losing everything and homeless

Also Brendan -
Live from New York it’s Town Hall.
[scene] Brendan’s elitist Manhattan penthouse

The jokes write themselves at this point.

Brendan-
People working in the office is better than people sitting on their couch during work hours pretending to work.

Also Brendan- I’m doing this town hall at home from my couch.
Rules for thee but not for me.

Good job Brendan. You’re a shining example to every one

…a example of a hypocrite.

https://archive.ph/20240809181932/https://www.bloomberg.com/news/newsletters/2024-08-09/ncr-voyix-ceo-eyes-m-a-after-sale-of-digital-banking-unit

Anyone have a Bloomberg subscription? Looks like David got chatty about what’s next….. https://www.bloomberg.com/news/newsletters/2024-08-09/ncr-voyix-ceo-eyes-m-a-after-sale-of-digital-banking-unit

By the end of the year, Voyix is gone, now they are trying to dump what’s left, maybe the can sell a couple segments, but it’s the end of the road, separation was expressed as exciting and a celebration, but I think it was quite clear NCR wants out of the retail world, IBM did it years ago, they always act well before NCR. Voyix is simply not a viable business for NCR.

It would be interesting to see a running tally of whats left on the fire sale now that digital banking is done like dinner.

Who's next on the chopping block

1600 digital banking employees aren’t going with the sale?
Isn’t that the entirety of digital banking?

Are you sure he said 1600 will NOT be coming along?

The current market capitalization of VYX is $1.87 billion, including Digital Banking (aka the "crown jewel"), which they've just agreed to sell for $2.45 billion. That means the market is valuing the retail and restaurant businesses at less than zero. (Including debt, obviously.) Jim Kelly and the EVO payments sleeper cell have obviously been successful at buying and selling companies, but it'll be a miracle if they can pull this off. The more immediate question is why they're keeping David and Eric around. Those two just bought 10,000 shares, though, so maybe they've bought themselves some time.

Epic Schitt’s creek reference. So many layers it’s applicable here.
Where’s Moira?

Waiting for Atleos to buy the slimmed down Voyix…..

Ew David.

This all stinks but company was going to go bust if changes weren’t made. Should have done this years ago instead of the constant 8 years of layoffs, deck shuffling etc. now it’s at a point where it’s go time. This doesn’t work, the company is truly going byebye