Well third quarter profits tanked. Stock taking big hit. Two things to take from this is Lance is smart enough to sell and pocket 9.4 millon dollars, second layoffs and closures are a definite conclusion.
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What makes you think layoffs and closures are definite? There's really nowhere else to cut to make up for lost profit. They missed on the earnings per share target. Well that tends to happen when you set the bar too high. Sure, more layoffs and closures could probably happen. It'll come at a much greater cost to the company. The company is bleeding out already. You don't cut more to stop the bleeding. Cutting more people and closing more locations will just make the company die faster
Well you can only make so many cuts. They fell short of earnings per share. Morale is in the gutter and customer satisfaction is pathetic. Some of these are now former customers.
How are they going to close more?
Yeah its definitely not good for any low level managers. There gone next