Will there be any Volt Information Sciences Layoffs 2020? Any news or rumors?
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Let's not understate the significance of the 2020 plan that has already seen approximately half of it's corporate office staff laid off by elimination of position, or off-shored to India. It can't be a good sign when it gets this bad for any company, with a firm letting go highly skilled employees who were able to multitask for survival and were skilled enough to stay employed during a decade of losses and layoffs. When a company takes all that knowledge and lets it walk out the door, and/or expects it to be transferred to replacements in India who don't understand the company, nor have any loyalty to the company, it seems likely that this is not a long-term solution and Volt is trying to shore up losses in preparation for a sale. It was stated on the most recent earnings call that another round of cutbacks/furloughs/layoffs is in progress. The excuse is COVID, but who knows at this point. Predictably, the call was full of happy-talk about the exciting future ahead. It's the same happy-talk that has been given on these calls for years.
And yet another big layoff last week. Buyers and candidates should proceed with caution. No stability to be found here folks
Unbelievable! They keep telling the shareholders to continue to buy, buy, buy! Buy what? VOLT stock is junk. Why the hell would we buy? This is looking like Eron now. Stop driving people's money to the ground, have some respect and sell what little is left of the company. You can't save this company with birthday cakes and new business cards.
Stop the BS already!
Yes. Volt announced yet another round of layoffs on January 9th, 2020, with over 50% of the corporate offices employees to be effective and announced that they are moving a large part of the corporate services to India. With slumping sales, a old executive management team unwilling to change, bad spending habits and poor customer service this is the expected outcome. This is clearly the end of the company.
Lol.....yeah, I’ve heard something to that effect during the last couple of days.