As usual 1s is struggling to catch up with 1a. Sabre announced the new platform to catch up with 1a announcement. Result is 1a stock is €64.02 (+1.91% past 6 months), Sabre stock is $2.97 (-18.41% past 6 months). What does product SVP have to show... — read more
VSP is a joke
The only people who will get it are those in redundant positions or roles that can be filled offshore. So basically, if your job can’t be done overseas (e.g. commercial roles) you are DENIED. The anti-people team lied about this being an offer to... — read more
Seriously. How many put in for VSP? Any names?
Has anyone heard (seriously) how many people put in. I had heard 80, then 150. Any names?
VSP - any idea how many are taking the package??
Anyone have any inside scoop to know how many people submitted to take the VSP package?
Booking=$3708 Expe=$114 Sabre=$3
How sad and these executives deserve bonuses. LMAO! Losers by a mile.
Layers of bureaucracy
1 - I am a Manager who reports to a Director 2 - Director reports to a VP 3 - VP reports to another VP 4 - VP reports to SVP 5 - SVP reports to EVP 6 - EVP reports to CEO KE Why do you need a Director, 2 layers of VP and SVP?
Leaders with no spine
Over the past 5 years I have come to realize the managers, directors, VPs, SVPs have their position because they do not have a spine. KE will tell them to layoff people (or bend over) and they will without questioning. Given that KE is here to milk... — read more
Acquisition
Hearing Sabre is headed towards declaring Chapter 11 bankruptcy and being acquired. Acquisition will result in mass layoffs across all locations. The ELT team will sell you out to make their million dollars. Decide wisely.
Have you colleagues started volunteering for Enhanced Severance?
Hey Sabre denizens - what's the word on your U.S.-based colleagues taking advantage of the 'take-the-money-and-run' offer of Enhanced Layoff (or whatever the official term is)? What kind of numbers are you seeing? It's ok, you can tell us, it's... — read more
To Sell or not to Sell
That is the question for those holding Sabre shares…. What’s your thoughts?
US colleagues-any updates after yesterday Town Hall
Any interesting details you found on yesterday TH in US that you can share?
Good thing executives already took their bonus this year
God their bonus. Now they can take their 15 month severance and go destroy another company.
Volunteers?
Word has it that US based employees were just sent an email asking for early retirement/voluntary severance volunteers. They are offering extra severance for those that accept. For example, if you were eligible for 26 weeks, you will get 39 if you... — read more
WFA with minimum 3 days at the office...
Someone really like to increase attrition... Is our leadership stupid or what?
Employees raise to keep up with inflation
What ever happened to that? Execs keep delaying but they took hefty bonus and raise themselves. They will eventually lose all good employees and replace them with offshore hacks.
Will consensus Earnings Per Share of -0.10 be exceeded?
Data from Interactive Brokers: Quarter: Q1 '24 Consensus EPS: -0.10 Date: 02-MAY-2024 When Announced: Before Open Implied Move: +/-20.1% Do you think the earnings will be better or worse than the consensus?
Insights from today's Sabre Annual Shareholder Meeting slide
2023 Accomplishments: Generated 15% top-line growth $272 million year-on-year improvement in Adjusted EBITDA Achieved positive free cash flow excluding restructuring for full-year 2023 Supported innovation and product development... — read more
Spring 24 layoff
Word is approximately 5% layoff coming before Q1 earnings at the start of May. Seems like not enough time to plan it so maybe really before Q2 earnings at start of August. Anyone know more?
When will execs finally give employees stock option?
Let your employees in the game.. voluntarily ofcourse. Employees tend to have higher morale when they have skin in the game.
Sabre Poland follows laws as part of comprehensive employee benefits for its employees
"We've mentioned this before, but it's worth repeating: Sabre Poland has been honored as a "Responsible and Friendly Employer" in the 7th edition of the program! Our dedication to incorporating Employee Capital Plans (ECPs) into our comprehensive... — read more
Sabre stock hit $1.99 today
It recovered a bit to the $2.40s. Share holders will be upset and demand more immediate cost cuts - guaranteed. Sabre keeps refinancing debt to push due date further but every time they do that it costs them
Expedia to cut about 1,500 jobs globally amid moderating travel demand
https://www.reuters.com/technology/expedia-cut-about-1500-jobs-latest-restructuring-2024-02-26/
I think we're almost there
There is no significant debt to refinance before June 2027 (3.5 years away!) , and the business is already EBITDA positive, and right around levered free cash flow breakeven. By mid-2027, you can assume most improvement factors to cash flow will... — read more
No Layoffs?
Today Kurt said during the Town Hall there are no layoffs planned and we are good for 2024 and 2025. Buy the dip!
Sabre has seen its best days
It's all downhill from here on.
who gonna buy this company and turn into profit? any IDEA?
I knew some competitors are working to M&A Sabre.. Any Idea who would be...
New layoff wave
Is there going to be a new batch of layoffs in KRK? They have just canceled Morning Coffe and there will be a Town Hall on the 7th of March. They said it's just because of the winter break holidays, but strangely it's happening right after financial... — read more
The only thing Sabre can do now
More DEI! :D
Here is the bottom line summary
Yes revenue is slowly increasing but they are losing millions every quarter! Even if they start making a few million per quarter later this year they are still paying over $350 million per year on interest alone for the $4 billion. Refinancing the... — read more
Well, that was encouraging
With the considerable debt problem becoming worse, missed estimate, and plunging stock, I guess we can expect all kinds of bloodbath.
Sabre misses Q4 revenue estimates, stock drops 10.5%
https://finance.yahoo.com/news/sabre-nasdaq-sabr-misses-q4-132303940.html
The accumulated deficit increased from 3,951,934 USD to 4,048,393 USD in Q4
https://investors.sabre.com/financial-information/quarterly-results
4Q earnings is Feb 15
Earnings haha. They should rename it Losses for Sabre. If below expectation expect more layoffs.
End of WFA
APAC is forcing all staff back to office. Dictatorship. Mgt with no brains. They should downsize office space and save the money instead of laying off people. This company just does not value its people. Gonna resign now - enough of this c**p... — read more
Why are people convinced there'll be more layoffs soon?
Everything I've read about it so far is people wild-guessing and speculating. There's been no official word on more layoffs. I'm not claiming we won't have more layoffs, but I think that scaring people for no good reason is counterproductive. Let's... — read more
Don’t be surprised
To hear of an upcoming layoff. Earnings is in a few weeks and shareholders demand costs cuts when a company continues to lose money.
Insider Buying at Sabre Corporation
It's interesting to those still holding a Big BoC. Insider Buying at Sabre Corporation Last 12 Months The CEO bought shares at $5.34 per share, even when the price was higher than $4.20. Insiders own 0.8% of the company, which is a good level but... — read more
Layoffs in the next few weeks
Rumors are going around about even more layoffs in the next few weeks. Does anybody know if there's any credibility to these rumors or not? I'll be honest, I'm getting a bit tired of having to worry about layoffs all the time. These days, job... — read more
KRK
Hi, does anyone know anything about the situation in KRK? Are there any information that the management team is supposed to be transferred to the USA, while only some of the development teams will remain in KRK?