Coronavirus

Discussion in 'Exactech Orthopedics' started by anonymous, Mar 17, 2020 at 7:12 PM.

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  1. anonymous

    anonymous Guest

    How do we survive this? No revenue and bloated payroll isn’t a good situation.
     

  2. anonymous

    anonymous Guest

    They are going to announce massive layoffs and a 40% salary cut for employees (not for the big boys, of course). Nothing to support the reps taking the hit like all of their competitors are doing. Way to take care of your people! This shitty company will be circling the drain soon.
     
  3. anonymous

    anonymous Guest

    Someone please buy us!
     
  4. anonymous

    anonymous Guest

    i am sure blackstone would take any 70% off fire sale price at this point
     
  5. anonymous

    anonymous Guest

    Second this!
     
  6. anonymous

    anonymous Guest

    What's worse; M&A or coronavirus. Great Leadership there............just kidding. The Petty's were OK. Well, two of them. They just refused to know or didn't care how incompetent dept managers are, which, it was obvious, the company would not be able to sustain ... waste alone were in the millions. Apparently neither does TPG. They too, not only kept management in place but gave them new titles. Anyway, any recommendation?

    63 and Counting
     
  7. anonymous

    anonymous Guest

    We have a great shoulder platform and should be priced right for a purchase. We’ll see!
     
  8. anonymous

    anonymous Guest

    Got my notice Friday. Thanks for the memories! Planning to not come back after this if offered. Could ave, would have, taken a cut, but that wasn’t in the cards.
    Maybe DJO is hiring? My non compete is null and void in my opinion.
     
  9. anonymous

    anonymous Guest

    Talked to a Corp employee today and they said that payroll was missed for all employees today. Not good. Bankruptcy next?
     
  10. anonymous

    anonymous Guest

    We have to be getting acquired before bankruptcy don’t we?? Smith and Nephew has to be in the cards.
     
  11. anonymous

    anonymous Guest

    what are distributors making with this company
     
  12. anonymous

    anonymous Guest

     
  13. anonymous

    anonymous Guest

    Payroll wasn’t missed. Everyone was paid. The bank screwed up processing, profusely apologized and made it right by close of business Friday.
     
  14. Jax Boy

    Jax Boy Guest

    Yea....right
     
  15. anonymous

    anonymous Guest

    Lol. I know for a fact that’s not true.
     
  16. anonymous

    anonymous Guest

    We all want to work and be paid for the work that we do and that’s why we need to be acquired. Agree or not it has to happen for us to survive
     
  17. anonymous

    anonymous Guest

    With the total lack of information and communication over the past month it sure feels eerily quiet like an acquisition is coming. Anyone else feeling this? Hearing anything?