Thread regarding ACI Worldwide Inc. layoffs

Sale is inevitable

I always wondered how Phil was able to roll out the same warmed over strategic vision each Investor Day, and how investors have tolerated almost zero organic growth for a long time.

Finally someone has called them out on it.

http://www.starboardvalue.com/wp-content/uploads/Starboard_Value_LP_Letter_to_ACIW_Board_12.02.2020.pdf

This is a company that can’t execute. They are too small to compete with the big players and too big to be nimble. The majority of their leadership team should either be retired or fired.

I’ve been seeing many of the senior level under the ELT get laid off, or update their LinkedIn profiles recently knowing something will likely happen in the near future.

If you are a current ACI employee I’d start planning your exit soon. If the company is sold, which I think it will be now that Phil is gone, your jobs will be in jeopardy. If you are in Naples, plan a move as well.

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Post ID: @OP+18dY60Sg

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Time for a PE to swoop in, take it private and get rid of the expensive useless leadership at the company, starting with both group presidents, the chief risk officer and the head of strategy. Around $10 million right there.

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Post ID: @1kns+18dY60Sg

https://www.pymnts.com/news/partnerships-acquisitions/2020/starboard-urges-aci-worldwide-to-put-itself-up-for-sale/

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Post ID: @xez+18dY60Sg

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