Thread regarding Avid Technology Inc. layoffs

Adios, Amigos! It's time for the Louis Hernandez, Jr. Layoff Show (again)

Stay tuned for the repeat episode from January 2016. It's post NAMM again which means time for more heads to roll.

by | Post ID:
1891 views | 10 replies (last )
Comment! It's anonymous! Reply to this post anonymously by submitting the form near the bottom of the page!

10 replies (most recent on top)

Where there's billowing smoke, there's always fire. There's going to be a major shakeup and announcement at the end of Q2 this year, mark my words. And it's been a long time coming, that's for sure.

by | Post ID:

Targeted many, many employees with long terms of service (i.e, high salaries). A very loud message to long term employees. There is no money left, only debt. More loans to keep the boat floating?? Not a good business strategy. LHJ wants to close up shop in Massachusetts and at this point it is a good idea and word is it will be done. You have to respect someone who will execute his plan. He certainly has the effort well under way. In particular, Engineering jobs will continue to be sent out of the USA. Word in the investment community is that the strategy of eliminating a presence in Mass and moving the engineering jobs is being very well received.

by | Post ID:

It was closer to 70 people and a lot of older staff. Maybe another lawsuit in the works for age discrimination?

by | Post ID:

I heard 50 people axed and even some who had relocated to Boca to save their job.....

by | Post ID:

In typical fashion, the butt-kissing, brown-nosing underqualified mid-management has-beens were left untouched in Marketing, Sales and Products. Sell your soul is the name of the game here still!

by | Post ID:

Those left standing much more beyond this point at their own free will without an exit strategy are either desperate, pathetic, scared, clueless, ignorant, blind, inexperienced, incompetent, lacking confidence, complacent, recognize no one else will hire them, lazy, drama mongers, submissive, unworldly, or brainwashed. But passionate? Think again.

by | Post ID:

It's a transformation alright ..... a transformation to bankruptcy. But the big guy and all his pals will get their $$$ before the company no longer exists in Mass. Best to get out on your own terms.

by | Post ID:

So the latest speculative scoop from some industry insiders is that the disintegration plan is confirmed and the sell off is this year! About f'ing time. Severance anyone? Everyone?

by | Post ID:

it happened today.

by | Post ID:

Again?

by | Post ID:

Shocker! Like we didn't see this coming

by | Post ID:

Post a reply

:

Related pages


terminix rat controlprecision flow technologiescablevision stockaccenture global officeskaplan university admissionsballys technologiesapple store memorial mall houstonbaltimore sun layoffsoverstock companiesrexnord milwaukee wiverizon labor day hoursfkcuvmware atlantametlife jobs raleighemployer identification number on pay stubhalliburton in san antoniowalgreen corporatecsc acronymcabelas in saginaw michigangruma corporation company profilelyondell basell industriesverizon layoff rumorsaaron rents incapple stores in manchesterverint comdst systems layoffskenexa incbrown mackie college phoenixversion wireless plansprimewest energy trustcabelas canadakellogg company in battle creek michiganstaples brandon hoursfluor houston txcafepharma boardgrubhub tickercoca cola refreshments here teamwhere ashford university locatedmasco corporation layoffskmart phoenix arizonarepublic waste phoenixsunlink health systems inclulu tickermy dcp midstreamlowes in folsomnordstrom norfolk vatarget pharmacy shoreviewtech data in clearwater flcameron measurement systemsnordstrom utc san diegoneiman marcus job openingsigate corporationburlington coat factory nj storesat&t call center tulsa okenergy xxi ltdwhat are cabelas hourssouthwestern energy company houston txanalyst at accenture salarystratasys tickerbaxter baxa500 old connecticut path framingham maraytheon sudbury macoeur d alene mines corpge aviation cincinnati jobswww.chemtura.compentagon freight houstonapple store in chula vistasony jobs san diegodifference between senior and principal engineerverizon call center hampton vafolder express omahamosys incpgne jobsthe pep boys-manny moe & jackthe layoff chesapeakeexl service company profileexco resources