Thread regarding ACI Worldwide Inc. layoffs

Massive cuts in last 3 months?

Looked at earnings and as usual it’s not great despite what the press release says,

But what was telling were a few items from the detailed financials

December quarter employee compensation: $48.6 million
March quarter employee compensation: $34.3 million

That’s more than a 25% cut Q over Q. Maybe due to layoffs and severance?

R&D spend also went down over 10%. How can you grow organically when you are cutting development?

License, maintenance and services revenue all down. Billers and Banks down. So while Merchants were up this isn’t a great outlook especially with a CRO that doesn’t know anything about sales and selling.

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I going to be an interesting time ahead, lots of rumours of further cuts in June, so a lot more work for those left behind.

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