looks like they just eliminated their entire SMB division. Major shake up going on. I have several friends that just were given their walking papers. I expect GTT to file for bankruptcy protection by next friday.
GTT has a long history of acquisition (Megapath, Unsi, Packet Exchange) and the latest is Hibernia Networks. As ever, the acquisition is followed by a brutal round of layoffs affecting all areas of the business. The ever increasing customer base is... — read more
The VSP simply is not good enough to get the wanted numbers. People with Under 26 years basically don't have pensions so they only get a little over a year salary so it is worth staying and the risk. Prizes offer a VSP that pays 3 weeks for every... — read more
GTT had started to conduct layoffs prior to Christmas to try to come out of chapter 12 bankruptcy. They are doing it without announcing this is happening globally. If restructuring requires layoffs, this has to be done prior to January 1 2023, so it... — read more
They have not announced the large layoff but it happened.