Does anyone expect that there will be some improvement with the new CFO?
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This new CFO has a history of annual layoffs at FICO (Fair Isaac)…he made a fortune off of stock at FICO, him making the books look good thru annual layoffs greatly contributed to this. Think about it, he just left FICO, whose stock trIpled in his tenure to $600/share, the only reason to come here, where the stock is horribly and incredibly low at $16/share, is to repeat the process all over again. To those of us still left here at INFA, I have it on good authority from friends at FICO, this is what he does and he has absolutely no empathy whatsoever. So good luck to all of us, we’re going to need it.
I would be counting on "layoffs are the new normal" strategy. He comes from FICO, a good friend of mine works there. I haven't had a chance to ask him for more info yet, but I always had an impression that almost every bump in the road there is dealt with layoffs.