I have it on good authority that the talk about furloughs was a feint - inside job - to distract from the February freeze of pay raises, travel, hiring, interns, and bonuses - delayed until third quarter. Sounds like layoffs won’t happen if the freeze of February keeps cash flow positive.
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Honestly did a quick survey monkey as to whether layoffs or delayed pay etc is preferred. Vast majority are for layoffs. Show us the money.
This rumor is though to be true. Management has been really struggling with a decision on layoffs or furloughs. So potentially delayed. I saw someone picking petals from a flower saying “layoffs” and “furloughs” as he picked them. My conclusion: management is really mentally unstable and I’m preparing for a some kind of knee jerk reaction based on some market news in the coming days. Way is really under the g-n to make something happen. The BOD has given him an ultimatum.