Involuntary separation program (aka layoffs) happened today. Eliminated full teams…
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I wonder will there be more riffs coming as the stock price continues to dip this time last year the stock was at $89 (Jun 2025), 2025 YE dipped to about $78, at the time of the first riffs it was 82 and now today Jun 2026 it has fallen to $66. New products are being introduced but the market price is decreasing, cost of goods is through the roof.
Many sites are closing in Europe including 3 sites in France and Germany. Many positions eliminated
@b7 They probably got nice packages and most were counting on this. Now you can relax for a bit before looking for another gig, but if you been there for decades I hope you took advantage and are "work optional" by now..
@ae they laid off in AGS also, so not all high salary.
Several people in HTX. The list I saw was people with decades of tenure. Which probably means high salaries and pensions.
Looks like they slashed the high earners and they'll just backfill those positions with fresh blood at a fraction of the cost.
What team is this? Still waiting for update here.