As the 3rd quarter results materialize and the id--t running sales continues to lie about his forecast as he did in all of 2017, it's that time of year again where the layoffs have to occur in order to make the Ebitda number so the execs can get their bonus. The fire sale is open with all of Europe and those assets they still own in North America up for sale and a bunch of people running sales that can't spell SGAS let alone push back on the mo--ns running Finance and Ops who think they can handle customer strategies, negotiations, and relationships.
If you don't get a package, run for the exits anyway, it's all about lining up the bankruptcy proceedings now, I'm sure there are rumors of someone buying the place, but there is nothing left worth a damn. The brand s---s, the market thinks the leadership is a joke, the products strategy is putrid and the board is absentee and s---ing the money out while the debt is on the street.
One day there will be a Harvard Business Case review of how the place was destroyed by mismanagement, absentee leadership, ego, and stupid hiring practices at the exec level.