Is it really true that we may have job cuts in Purchase.
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Anyone have an idea of how big the cut will be and which levels will be targeted (B2s and B3s?)?
@jxe I'd say we'll have cuts in 2018 - it's a massive undertaking and they will need time to organize. Most of our competitors had massive cuts in 2017, we are just late, we always are.
My prediction is Q1 2018, probably end of January - totally my gut feeling and I may be 10000% off. I have no insider info, I am just observing what's going on (and have a bit of experience, over 30 years with the company to be precise). We'll get thru this.
All of the business is feeling financial pressure - most of our competitors have done this already to stay relevant. I don’t understand why our management would wait until 2018. November 2017 makes way more sense to me - get the cost off the books before the new fiscal year. Unless it’s such a big, multi-sector cut that they can’t get it all figured out until 2018. Or there is some way to create a better value proposition to the shareholders. Any thought folks? What am I missing?
They need to rename the company FritoCo since they make all the money, what value does Purchase add ?