Jake Yamashita needs to get a grip on Ricoh, USA operations ASAP. Most likely already too late but seriously needs to clean house on Corp Leadership.
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More early retirement packages went out week of Aug 5. 2019. This is after a big meeting praising employees, telling us this coming year is going to be a big profit year. For those that got the package, lucky you. Those that will be left behind who are already working with a skeletal crew, your crew will be more lean. Do not k–l yourself covering for all employees that are gone. It is not worth it. No raise, triple the responsibility, tons of paper work, being monitored with a gps.....yes, this is the Ricoh way 2019.
Sales pipeline stalled due to Ricoh USA unable to timely process orders into the system. Coupled with the lack of inventory, expect a big miss on revenue targets for the QTR.
.15 dividend and this. Not a good sign Ricoh.
Afraid its to late.
Please sell.
Do employees and investors a favor, SELL!