As a former employee I still have contacts within Conformis, and this morning was notified by one of my former co-workers of her and many other's unexpected terminations. Her feeling was that the company may soon be acquired. Recent key departures: Beth Best | Bill Reynolds Vice President, Market Access at ConforMIS, Inc. | Jeff Gordon Senior Director - Education, Training & Development at Conformis, Inc Vice President Corporate Communications and Engagement Marketing at ConforMIS, Inc. | Dan Krupp Sr. Vice President of Sales at ConforMIS, Inc. | Daniel Steines CTO and Co-Founder | Caroly Bonaceto Sr. Director of Imaging at Conformis, Inc.. The entire CAD department is being off-shored to India by year end. Bad morale, and very ineffectual Upper management and leadership of CEO Mark Augusti.
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With all the pressure to cancel or postpone elective surgeries (Including knee replacements) due to the Trump mishandled COVID-19 pandemic, any word from the folks inside on any management plans to stop Manufacturing custom implants, idle the factory and furlough employees? Still having PTSD dreams from working there! 😂
On November 13, 2018, Conformis, Inc. (the “Company”) received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock
Market LLC (“Nasdaq”) notifying the Company that the closing bid price for its common stock had been below $1.00 for the previous 30 consecutive
business days and that the Company therefore is not in compliance with the minimum bid price requirement for continued inclusion on the Nasdaq Global
Select Market under Nasdaq Listing Rule 5450(a)(1). The notification has no immediate effect on the listing of the Company’s common stock on Nasdaq.
Not enough bad things can happen to that company. The way they treat employees is inexcusable. The CEO is the only one in that company that is happy. His outrageous salary and benefits are embarrassing. This should be a class for college on how it is possible to have a great product and manage it into the ground. Just look at the stock price. From about $25.00 a share to 40 CENTS today in les than five years. Get out now before they close down completely. And that will be soon.
Glad to be out of there! Toxic environment, amateur management and incompetent HR Director.
10% RIF