New CHRO comes from Fiesta Restaurants, which operates quick service chicken and Mexican restaurants. Also has experience in dying tech companies.
I don’t blame him, and wish him well as I’m sure he was told about all the great things happening at ACI Worldwide. But hopefully he’s good at doing layoffs like ACI has done every quarter for a long time...
Oh and Tony, keep a close eye on the other ELT members because they’re not your friends.
Shares now down to near the crash low in Feb/Mar. Looks like Taco Man is going to have to do more layoffs to compensate. Welcome to ACI!
Stock just dropped 10% today due to weak new sales. Hold the head of On Premise accountable Odilon, time to get rid of him anyway.
I think the head of On Premise should be sh–ting himself right now. Stock down 10% today due to weak new sales.
https://seekingalpha.com/news/3612654-aci-worldwide-drops-11-q3-guidance-hurt-slowing-new-license-growth
More work for the CEO to do to clean house.
What’s the word on the latest round of layoffs?
Looks like another tough year financially. When will the ELT pay with their jobs ?