KAR Global has signed a deal with Saperium Inc., a Philippines software company that sources multi-faceted personnel.
The plan is to layoff majority of the American, Canadian, and European staff across all business units. Then fill in those empty positions, and then some, using Saperium resources that are less expensive.
Most of middle management is expected to be cut as well. Saperium will correspond directly with stakeholders to address performance degradation.
This entire week has been back to back meeting between executive leadership, HR, and PR teams tackling how to announce the news organization wide with really no solidified plan as of yet.
This is a sad sign to come if you are still employed at KAR Global.