Pace is not in charge or Influencing any of the actions, at least from what I can tell it is above the SVP level and purely a cost reduction. High cost individuals are wacked.
The people who are left have some real challenges ahead of them, everyone of our customers are now extremely upset, this is not going well. The key people for key products for key customers are no longer available to develop or support. Some projects are almost at the finish line and the key people have been wacked. It's like the executives want this to fail.
Obvious the executive team is clueless and of course will be rewarded heavily for messing up a great company.
All.the sites I have talked to are in total chaos and there is no leadership, worst execution I have ever seen and I've been through several of these already. The developers are the last to go, first set is the support staff, accounting, hr, finance and so forth. These areas have not been touched.
More layoffs to come as projects close. My prediction is small development sites close in the summer another big RIF near the end of the FY2016.
The bell weather will be the executives cash out the stock.
This PACE merger was for tax inversion only, thank your favorite political advocates, I really think this would have gone a different way if tax inversion was not available.