EFI just LOVES to cut costs. It’s the only thing they can do to improve profits for their slow growing business. Layoffs, pay cuts, and now the next logical step: moving to a location with lower employee costs. Bye bye!!!
So, we just did yet another layoff and also a 20% pay cut, 401k matching gone, etc. I see Marc Olin is still employed and weaseled his way into the inkjet side as his previous MIS stuff is now gone, along with billions in capital wasted over decades... — read more
The day after Siris Capital signed to finalize the purchase of EFI they laid off 400 employees and closed the headquarters in Fremont, CA. Recently, they made more massive cuts to the customers support teams in both the Inkjet and Software business... — read more
Old timers in Fremont need to get their heads out of the sand and develop a sense of urgency to get out before being forced out. Waves of offshore labor are coming to carpet bomb the high-priced positions still remaining in Fremont. Highly... — read more
Those consultants roaming around HQ aren't there to sight see. Redundancies are coming to an EFI office near you. Dismemberment of Marc Olin's empire is on deck. Hopefully that includes Mr Olin himself, put to pasture like Guy Gecht.
Stealth RIFs have already started. EFI management is delusional now thinking that budget cuts here and there will solve the problems internally. Before this is done there will be a 15-20% RIF of the worst performers. EFI literally cannot afford the... — read more
Nothing, no plans for cuts - the company is solid
New CEO is coming in to shake things up. Will re-evaluate all of the staff and who is necessary and who to let go and replace. Big politics happening at the upper level to see who survives and who goes. Even more work will be transferred to India and... — read more
Ho Ho Ho, Merry Christmas! EFI Management has a special holiday gift for 10% of you Fremont, CA employees in the next 2 weeks: a pink slip! And guess who will not be on this special list: the 2 that ought to be: Marc Olin for multiple instances of... — read more
The Fremont location of EFI is going down the tubes! For over a decade, the once mighty Fiery business was based in a beautiful 10 story building on the shore of the SF Bay in Foster City, CA and is down been whittled down to a single 2-story... — read more
With a Worldwide Quarterly Update meeting this Thursday (first of its kind!), are we going to hear that a significant portion of the company has been sold? Did the purchase of EFI put those kind and wondrous souls at Siris Capital into Bankruptcy? Do... — read more
A few more of those and everyone who remains will be able to get a cube again. How much severance is offered?
Well well EFIers! With EPS going off the books, EFI returns to just being a maker of Fiery widgets which have a fraction of the profit they used to have, and printers which are now being made by a third party (to cut costs dontcha know). Meanwhile... — read more