Thread regarding SevOne layoffs

Massive Layoffs at SevOne

A ton of news outlets are reporitng this - I left in 2014 - they say up to 40% may be cut - not sure what's going on here is the article I saw:

Laid off SevOne employees filed out of the company's Newark facility one by one late Monday morning, many carrying plants, computer monitors and other personal effects.

"It's brutal," one worker said of the atmosphere inside SevOne's new 48,000-square-foot Technology and Innovation Center at the University of Delaware.

"They are laying off so many people I had to wait [hours] to get my severance," the worker said. "It's like standing in a line for a guillotine."

Once Delaware's fastest growing tech startup, SevOne is now conducting its second round of layoffs in six months.

The exact number of employees who lost jobs Monday was not immediately clear.

by
| 2103 views | | 1 reply (December 21, 2016) | Reply
Post ID: @OP+IFf8ANe

1 reply

SevOne laid off over 50% of their staff with no concern to their employees. Great people were laid off and was not because of their performance as many of the employees were the more productive individuals. Management cut most all employees who held stock options, while keeping new employees who didn't receive any.

by
| | Reply
Post ID: @2izev+IFf8ANe

Post a reply

: