We have been advised to reduce workforce 5% mostly US Business Units. Layoffs will continue into May. This is to help make payroll and to make cash available to pay outstanding bills. We have been very slow paying our vendors over the past 3 years. May of our vendors are now putting our accounts on credit hold meaning we must pay cash to receive materials. It looks like the company is in a severe financial trouble. Finacial news has been reporting the internal accouting issues the past 2 years.
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