Thread regarding Scientific Games Corp. layoffs

Coronavirus

Nobody wants to go to a c-sino when there's a virus outbreak.
Without cashflow coming in from gaming ops, they're going to need to find a way to somehow make the interest payments on the massive debt load! Layoffs coming soon?

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Post ID: @OP+13WT7Fy5

5 replies (most recent on top)

Any update on who got laid off and salary cuts?

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Post ID: @ojwo+13WT7Fy5

https://patch.com/georgia/alpharetta/hundreds-risk-alpharetta-manufacturing-plant

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Post ID: @ibkx+13WT7Fy5

No doubt, Layoffs are certainly coming. This is not a single month event where people shut down just one month. Tourism won't magically pick up. People everywhere are hurting and being cut from jobs. Borders are closed pretty much everywhere in the world. Both international and domestic tourism is dead for many months.

This outbreak cannot be stopped by saying "stay at home". Asymptomatic incubation period is too long and it will continue to spread. Right now its an international emergency to keep hospitals from being overwhelmed like what is happening in Italy.

The reason the stock has dropped is that many investors know and realize this. If there is a default on debt payments, the stock can go to $0.00 overnight.

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Post ID: @7cyj+13WT7Fy5

In the US many people are now remote. With the stock closing at 5.9 yesterday (and at 4.65 now) we’re sure to see cuts.

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Post ID: @6puc+13WT7Fy5

I was recall the company being incredibly resistant to colleagues working from home. So I wondered it they'd still maintain that stance considering the current climate. Apparently not, from this recent review:

https://www.glassdoor.com.au/Reviews/Employee-Review-Scientific-Games-RVW32376899.htm

This will hurt them even more.

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Post ID: @5xeb+13WT7Fy5

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