Scientific Games shares have fallen 68.9% in 2018, while the S&P 500 SPX, -0.66% has fallen 1.2%. 8.5 billion dollars (US) in debt (still), and nearing all time lows for stock price per share. All indices are losing ground, sales are dramatically... read more
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Topics regarding layoffs at Scientific Games Corp.
People always target their sarcastic remarks towards upper level management unfairly. In most cases, not all those people are go getters. The people that make these companies great. They aren’t the ones sitting in the same job for 20 sum years... read more
Has anyone ever challenged the non compete? Hard to tell if it's anything more than just a scare tactic
Oh no. I just realized the annual insurance re-up is coming in November. Anyone who remembers the train wreck of last year ("You have no in-network doctors within 25 miles of the city? Well, stuff happens. Too bad. We have plenty of doctors here in... read more
Cheap labor is on the horizon.
Just have to wonder how many good people from the companies they meddled with and purchased are/have suffering from their greed. What they did was so unethical and something each and every person at the top should be held accountable for.
Here we go, as predicted when new CEO came in. Layoff Day! Won't know how big until end of the day, but hearing VPs to entry level being impacted.
Another new CEO, to read us his bullet points about finding efficiencies and why we can't afford to replace your dying laptop. Somehow, SG always finds a few million between the sofa cushions to pay another in a long line of golden parachutes for yet... read more
Maybe I’m over optimistic, but I really think SG setting up a Sportsbook operation center is a smart move. Sportsbook is a rising market with many opportunities, especially now when the US legal barriers are lifted. Although ,I know Gibraltar is far... read more
New CEO posts video to YouTube saying company needs to look for "efficiencies". Next day he implements a hiring freeze. Everyone knows that means layoffs coming NEXT!!!!!!!!!!!!!
Just got let go from Reno. Along with some of my co-workers.
No one is safe The CEO was just fired Company lost 200 million in the last quarter Looks like things getting much worse at SGMS expect many to go to IGT
Scientific Games has decided it's in the employees best interest to add a $19/month fee to everyone's 401k. Gotta pay that 8 billion down somehow. The company obviously needs more VPs. 60 isn't cutting it.
That’s the memo headline. Read it and weep, or cheer real loud! Your choice.
Supposedly there was a big layoffs round at Scientific Games this week (looks like yesterday was the worst day, but I've heard it all started on Monday), but I am failing to get any real info on who exactly and how many people were laid off? Is there... read more
Town hall next week. Bally has finally won. They never could handle the fact that we had a nice building. Now it's for sale and we're all done. At least we don't have to wonder anymore.
They probably won't need to do any more layoffs in the Chicago office anymore -- at least not after today's "Annual Enrollment Benefits" presentation. Attrition will probably take care of any head-count reductions they need... They are changing the... read more
Why so silent?
2 managers are getting fired in India this month
https://skift.com/2017/03/10/exclusive-norwegian-cruise-lines-former-ceo-was-removed-over-misconduct-lawsuit-claims/ "Former CEO Was Removed Over Misconduct"
Give it up guys, go find another job this place is going in the sh--ter
It looks like about a month until the next quarter's earnings are announced. Plans are likely formulating for the next round of layoffs. Anyone heard anything?
Just curious. Does anyone know if HB1 Visa holders are replacing those in the US?
Has anyone heard if there will be more layoffs this month?
In the scope of things, how much does that water cost the freaking company? Maybe they shouldn't have bought DEQ! I bet the power hungry mongers at the top of the food chain are still getting their bonuses! I hope those greedy people get theirs now... read more
Anyone let go today? Is this round over?
How does the actual act of communicating that you've been laid off from SG happen? Do they call you in a conference room? Who is there? What do they tell you? How long does it take?
Do the math. CEO and company publicly states that they are looking for 75 million dollar savings; and 20 million dollars will be spent on this "purge". So far, we've heard of some 70-80 people in Alpharetta, some 15-20 in San Diego, and maybe a 100... read more
Does anyone have info on WMS Chicagos game development team? Will that department suffer any more losses by end of year? How many?
Maybe Ronald Perelman sits on the board of directors for Aristocrat Gaming so he is eliminating competition for Aristocrat by consolidating then destroying competitors. CEO Kevin Hatchetman does not have to be a genius to step in to eliminate head... read more
HR called us into a conference room. 3 techs, and our 2 supervisors. 3 layoffs, and 1 person who was off and couldn't make it in to be let go. We all got a severance. Health insurance good until the end of the month. Paid through today, the end of... read more
WMS is redundant, haven't you guys learned yet? Nobody in this company is ever safe, not anymore. The fact OP thinks he has another 15 years is delusional. 8 billion will be paid with all of our salaries eventually. Everyone will be sold off, but... read more
The real question is, who "scored" by this unbelievable merger between SGMS/Bally/WMS/Shuffle. I think we all know the truth.... Wall Street hacks and corporate execs..... Quite a scam folks...
When times are good he adds too much to the workforce and says "look at me, I'm doing so good I need to hire beaucoup new guys." Result: CEO gets big bonux When times are bad CEO cuts employees and says "look at me, I'm saving the company sooo much... read more
What is the "severance agreement" like? used to be 2 weeks of pay for each year of service. this time though, they seem to have allocated 20 mil for this thing. Reposted from: @KcjoKKV-aeu
I haven't been notified yet, but I'm extremely nervous, as I suppose most of us are. The pressure is high, cause I'm the primary source of house income, plus I have this horrible feeling that I for certainly won't dodge this bullet. Does anyone know... read more