ChannelAdvisor surprised many of
It’s longest employees Tuesday, July 23, 2019 with pink slips as they arrived to the office.
It is stated to be a cut of 10% worldwide. The reason was given they we’re eliminating those positions, even the receptionist!
Employees were offered a severance package , but insurance only covered until July 31,2019. (One week).
These lay-offs come on the heels of the announcement that employees will now have to pay for part of their insurance benefits, which have been previously covered.
Financial ruin? Poor management? All of the above?
No longer one of the Triangle’s “Best places to work” and Internal surveys at their lowest, we foresee them being bought out soon.