business is not picking up as forecast by our crack management team. Lumileds cannot pay it's huge debt load ( Thanks A--holes at APO) so more cuts in headcount coming soon. Morale hitting new lows.
Layoffs are expected before April 19th bonus payoff. Numbers of 15-20% cuts are expected. The planning for this has been in the works for quite some time . Previous CEO changed ranking system to allow 5% of staff to be laid off yearly. New CEO knew... — read more
Do you know what's going on right now and how much does Apollo plans to cut over next six months. I know that there were cuts in the past but I wanted to see if Lumileds plans to continue cutting resources and to free up the cash flow because that's... — read more