Topics regarding layoffs at Synamedia

Topics regarding layoffs at Synamedia

R.I.P. Synamedia

This company has become a mangled sad mess of a thing with a cynical leadership direction. Let's call a spade a spade : The ELT are just clipping the ticket on its way to bankruptcy. In the power vacuum that exists because of this, Syna is now... — read more 

FY23 Accounts

FY23 results are in: https://find-and-update.company-information.service.gov.uk/company/11305402/filing-history It's early morning but here are a few points I pulled out after having a quick read through. Refinance $350m 5 year (SOFR... — read more 

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Post ID: @OP+1r2VM8GE

SynaMeet Q2 FY2024

I slept through most of this quarterly circus clown show but it seems like PS nor anyone from the ETL explained the terms of the refinance. So much for transparency or was it more of "This is above your pay grade, peons. Stop asking and go back to... — read more 

Cover our as*

"Please note that commitments provided in this statement are subject to change based on market conditions, organisation policies and business needs. Any modifications will be communicated in advance." = "Don't believe anything we say."

Donate a day for Israel?

'Donate A Day' is a worldwide ELT driven fundraising campaign at Synamedia in which all employees can donate the amount of money equivalent to one payday to charity, by taking a day less off. First of all, the company relies on their employees to... — read more 

October Q&A Bull$h1t

Why didn't we try to refinance 2-3 years ago when interest rates were lower? "Predicting interest rates is extremely complex and influenced by various economic factors. It’s challenging to foresee changes with certainty, even with the support of... — read more 

FY23 results

FY22 performance wasn't the best: FY22 revenue was down $98.4mn (18%): FY22 $471mn vs FY21 $569.4mn FY22 EBITDA was down $49mn (35%): FY22 $89.2mn vs FY21 $138.2mn Cash at end of June 22 was down 89%(!) to only $6.3mn(!!): FY22 $6.3mn vs... — read more 

People keep disappearing

Every day someone else seems to disappear from the business. It doesn't feel like anyone is safe. People fearing for their jobs (and still annoyed about the FY22 bonus shambles). Thanks to HR for organising sometime to lead doodling sessions... — read more 

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