I hear the Q2 cuts are going to be >4x greater then the Q1 cuts.
The CEO told the investment community to expect to see meaningful cash flow improvements by mid-year.
5 replies (most recent on top)
Leave the speculations, it should be noted that so far reductions / synergy not done from the top level. Then there is no meaning of synergy or the expectation. And also focus should be made on keeping the existing talent from the talent/skilled techs from the gross root level who develops and interacting with end user Casino customers.
Else we may have to merge or acquire and show synergy for the bank loan again..
I just talked to a director, his staff is getting a 10k increase in July!!!! Bally what is wrong with you, laying off an increasing salaries!!!! WHY???????????
if you are indian or you are indian and H1B holder no need to worry because bally never never ever going to layoff an indian, it's not in their DNA, but if you are a US citizen and you are good at your job probably you will be the next
Why are they not hitting directors or VPs, they have the largest salaries and we all know how top heavy Bally is, I also heard that people are getting 10k pay increases while cuts are happening. It is just wrong.
The largest cut will be end of Q2 or 3 makes sense since there needs to be a cut of $200-300 mil. They obviously won't wait until Q4.
Just out of curiosity...how come these threads weren't posted under Sci Games?