Thread regarding Follett layoffs

Layoffs beginning this week through the home office move date. Also likely the first few months of new fiscal year based on performance of company. Remember that Follett received millions of dollars in tax credits from the state of IL, and therefore they need to move around 700 minimum to the new building or lose the credits. Following the move the HO departments will continue to reorganize and layoffs will continue. The last year financial performance was probably the worst in history and therefore action must be taken. Cash flow is taking a hit.