Massive layoffs before the IPO
Spun off Travelocity
Executives made millions
Stock never did well
Shareholders demanded a better return so we had to cut expenses all the time
Employees were considered expenses not assets and treated like they should be happy they even had a job
Annual layoffs, lowest moral ever
Low cost centers were created in countries that had cheap labor
Non management employees were given stock options but never stock and you cashed them out as soon as you could make a small profit since you knew it would be going down again
Company became even more secretive since they couldnt say anything that might affect stock prices
People who are here who had been there before are not looking forward this repeat at all