Company isn't profitable, poor execution, was running on corporate debt. Laying off tenured employees to stem the bleeding. Highly nepotistic , Savneet Singh hires friends and family, made his brother in law the CGO
All these decades of cronyism, nepotism and mo–nic management have taken their toll. losing their biggest customer for almost FORTY YEARS, Over 25% of gross revenue and no new product in over 10 years. Time to close shop
Is John Sammon still involved with the company?
Not sure exactly how many people are affected, but I think it's somewhere between 50 and 100. Any chance somebody knows more details?