I just want to check if anyone has any insights on how far we are from the new cuts?
4 replies (most recent on top)
pure speculation on my part, of course, but i don't believe sabre will have large round of layoffs anytime soon. for one thing, there's only so much fat you could trim.
i expect the next big thing would be to sell off a business unit, which could generate some cash to pay off creditors. it could structured in such a way that sabre's debt will converted into equity and the investors would take a stake in a spin-off while the remaining part of sabre could then declare bankruptcy and/or taken over by a competitor.
Prima facie I want to believe my manager who keeps telling us that we are alright and not to worry. Is anybody else hearing this? I know that we are having a hard time weathering the storms, just do not know for how long without some drastic being taken..
I imagine it would be before earnings report. Early May is likely too soon, so late July is not likely. And then I would imagine little to no merit increase for those still around.
Isn't usually July for the summer layoffs?