SHK had another round of layoffs this week, primarily focused on engineering and some significant upper management. This was a smaller layoff, similar to the Christmas Layoff - about 15 people.
There is no end in sight to the trickle of random dismissals. We've been told our "footprint" is still to large, so we wait to see who will be shown the door next quarter -or sooner! Work conditions are poor. Moral is non-existent. Remaining employees are numb and shell-shocked to the round of next layoffs on the horizon. The remaining people must pick up the slack, as most support departments have been liquidated. Who is making these slow-death decisions? What is the long-term goal? When will the building will be shuttered?