Thread regarding Avid Technology Inc. layoffs

Pump (up the share price) & dump (talented/loyal staff)

When the snr mgmt people spend weeks huddled away in rooms, cancel meetings at the last minute and stop micro-managing, then you know something is coming.

Just as last year, downloadbesttorrentblog.rus commence after NAMM.

It's worldwide with a focus on moving roles to offshore locations. All HR driven it seems, purely on cost, rather than talent. Thanks Ilan, good work...

Of course, they're pushing people out before there's any consideration of whether the talent they need is available offshore (frequently, it isn't).

Barely scraping through 2016 audit, expect a failure in 2017 (as corner cutting is rife).

LHJ continues to drive the firm into the ground to bump up the share price by cutting costs. The fact we owe $100million doesn't seem to matter. He'll jump before we hit the ground. This is quite possibly one of the biggest pump & dump schemes I've ever seen.

If you're an employee, get out, get out now... No-one is safe.

by | Post ID:
2063 views | 7 replies (last )
Comment! It's anonymous! Reply to this post anonymously by submitting the form near the bottom of the page!

7 replies (most recent on top)

Louis Hernandez Jr bay far is the worst.

by | Post ID:

You also know when a company is falling apart when its debt continues to increase (avid is now carrying $200,000,000 in debt - that's a lot of zeros with the biggest zero being Louis Hernandez Jr). With the diminishing assets and poor earnings - this bubble is about to burst.

by | Post ID:

Every time there is a layoff here - every time somebody starts screaming "they are shifting to offshore". When you guys understand that this "transformation" indeed affects all locations, including offshore?

by | Post ID:

Why fairly, long-enduring employees refuse to admit that their Titanic is slowly sinking and, in a convenient fashion of constant denial, seek out measely "positive" scraps (example - "Louis Hernandez Jr said hello to me today" (wow!) versus taking the bold approach by taking a chance with improving their career path and movin on - well - the fearful will go down and drown. Leaving this demonic, CEO dynasty a few months ago was the best move EVER. Unshackled and no regrets!

by | Post ID:

You know a company is circling the drain when they start laying off sales staff.

Expect revenues to be down again next quarter.

by | Post ID:

How many people will be affected?

by | Post ID:

Spot on! it's the financial fiend's oldest trick in the book and we all know it! But Black Dragon Capital's shares are a plentiful and unrivaled other than Louis' (god, I hate that name) own personal shares.

by | Post ID:

Post a reply


Related pages

journeys jordan creekmcmoran copper & gold incge grcverizon wireless futureinformatica austinavnet stocksempra energy jobs san diegoat&t support center locationspdc resultsess follett comucla ronald reagan centerprofit.ndtv liveatt stores njbanc of america leasingchevron refinery jobswestco international88sears cohd supply holdingsweatherford longview txagco duluth gabank of america mortgage log inge benifitnorthside hospital addresssgi chippewa falls wioracle earnings callblackstone catalentgiant eagle in green ohionov layoffssuperior synonymgiant eagle inc corporate headquartersbrcd message boardschweitzer labshhgregg creek timber reitworkday whole foods markethow much do directv installers get paidcaci websiteapple store oakridge mall san josediagnocure stockpulte homes stockbass pro shop headquartersuti universal technical institutekmart passaic njhours kmartchk stock todaybny mellon hratt mission statementfrontier communications stock spin offavaya irelandsynta pharmaceuticals incjobs cablevisioncenturytel stockentergy jobinfinity pharmmarvell santa claraeverest layoffsart institute lawsuitwhere did cabelas startamerican eagle stock tickermy rewards baker hughestiaa cref layoffsarthur j gallagher layoffsllano hospitalla times layoffsadvance auto parts roanokevipr srmthe fresh market tulsacbs layoffszions bank corparamco services company jobswoodland heights hospital lufkin texascastle rock adventist hospital addressfull form of hcl technologycharlotte russe holdingkmart belleville njevo melville nypcs layoffs