Digital Banking will retain key personnel during the transition period. It was sold to another financial institution who already has operational infrastructure in place. They will absorb the new assets into their existing infrastructure that’s already under management. They don’t need a bunch of redundant employees. They already operate with the capacity to scale horizontally and vertically. NCR is sitting on Billions in debt. That’s Billions with a B.
That’s the thing that drives American corporations into Chapter 11 bankruptcy. This ship is sinking. You can stay aboard and move around the chairs on the Titanic or you can grab a jacket and hop on a life boat. NCR will continue the fire sale until they’ve cleared enough of their debt sheet to return to profitability or find a suitable buyer to sell the company. David even said this was on the table right after the split when people took notice of the insane amount of debt that Couix took on.