LAYOFFS after crisis settles

DONE DEAL

 

That’s assuming the crisis will truly be over by then

 

then = May

 

You m'fers better not get rid of Ruth. She's your backbone.

 

They’re not waiting for this crisis to be over (months). The layoffs will come the week of May 4th. Based on the company’s updated financial guidance, the layoffs will likely be quite severe given the forecasted cost savings.

 

I assume this will be company-wide as opposed to just commercial.

 

Not true

 

As stated earlier, layoffs haven't been completely decided but they are discussing 20% or less company-wide, not just field. This will not happen during the COVID crisis. Period.

 

What isn’t true exactly? I’m reiterating what the company-issued press release said. If you don’t have anything constructive to add then don’t bother commenting.

 

Your comment "the layoffs will likely be quite severe given the forecasted cost savings," you moron. You have no clue what you are talking about. Don't start posting when you don't have facts you massive idiot.

 

the company is extending its cash runway at least another 6 months. That’s more than $300 million in cost savings. That adds up to a lot of people and “resource allocation.” Do the math.