Digital Packaging was the next big evolution for X. New vertical with high margins and market share opportunities. As with the Ethernet, the mouse, windows ui etc the C Suite quickly cancelled the effort as well as cancelled the igen platform into the ether.
Now former major clients are running completely competitive gear doing digital packaging in addition to their declining base volume with a net growth in volume you.
Think about it. Strong sell.
Could've done packaging well, 20 yrs ago (!), but corp. myopia cut it off. SMH
@es meant don't take the first Irif offer....have legal on standby or use legal language to get a better offer. They will also lowball that and you need to fight, also yes take the VRIF If you want out but it will be lower and lower as they run out of cash.
@e3 “Don't take the irif, its a trap.”
Huh??
@e3 women and children first does not apply.
C-suite gets the dingy and before you know it, they are on land and you are bait.
@OP management is like the walking dead. They are zombies saying the same sh*t week after week. Watch them but dont get too close. They will devour you to save themselves. They say they are in the same boat but far from it. They are sitting right next to the lifeboats while sending us down to the bottom of the ship where there are leaks and fires in some rooms. There are only a few of us left here....hold tight till we get to safety. I would say mutiny but there is nothing to take over. Don't take the irif, its a trap. Find a buddy and stay alert. Good luck and gods speed, we are headed into a big gigantic wave the ship going to flip and go down. They will say everything is ok, but they need you more than you need them. They dont care if you have a family, rent or mortgage, bills to pay they are just in it for themselves and their paychecks even if that means yours is reduced by double digits. It will be tough but its time. If you still work here its time to abandon ship.
The current issue I believe is the managers are just a group of buddies. They hire family that if you look at their resume they have no degree, are totally understand qualified to do the job. They would never have gotten hired on their own.
The HR of companies are supposed to keep all this stuff in check. Now they are just controlled by the money mongering managers.
All the employees know about it, I know first hand in the coffee maker gossip. People just roll their eyes.
That is kinda of the main indicator of the end is near, nothing is based on real business anymore. Greed is all it is about now.
It means that those at the top are selling off company assets so they can stuff the cash in their pockets.
@aa what does this even mean?
We have become what we were always trying not to be just a "Print Company" and not a very good one now. What a waste of money, time, and people. We were a solutions company that could do anything and everything a customer needed. Due to the ignorance of leadership past and present who did not have vision and understanding these outsiders have waved the white flag. Leaving us to die while they get their bonuses and future career opportunities using this as their stepping stone. Call these hypocrites out on your meetings. There is nothing to lose now
As a person that doesn't have a whole lot of knowledge about corporations, you have to wonder how the decisions are made. Do they talk to the board about the directions to take, or does the CEO final vote on everything they have done to this point?
I just don't understand how a company that had so many good things going for them to be in the worst position of all the competition.
Are American managers just too greedy for their own good? I mean they took down what use to be a 20 billion a year company.
And the greed is still visible all the way down through all of managementx with the bonus cr-p while vrifs and irifs are happening.
How do these people look at themselves in the mirror everyday? The caption of a ship is suppose to have morals, make sure all are safe before it sinks and show they are willing to sacrifice too.
Greed used to considered a sin, do you people not ever worry about final judgements?
They needed the cash for retention bonuses. Everything is working to plan, good money to 2030 now.