Just got word from my friend in finance that we are posting a horrible period, furthermore to ensure future solvency closures and cuts will be warranted and need quick implementation.
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Concur with posting - have heard the same. Q2 is the weakest quarter and de-leveraging is likely very high so expect an abysmal report. Many Corp Finance jobs are planned on being eliminated and off-shored - including those in SC. Place is falling apart rapidly as a lot of talent is leaving throughout the org. Recent WSJ article on New York State contract is an embarrassment to the existing management team and is a tell tale sign of what is going on there.