Layoffs today in Charlotte, NC.
15 replies (most recent on top)
Could this be an attempt to erase evidence of past misconduct or prevent future misdeeds from being documented, especially in the aftermath of a criminal conviction?
In November 2023, Albemarle IT deployed BeyondTrust's Privilege Management software on employees' PCs while adhering to an email retention policy spanning six months, complemented by a Teams message retention policy of two months.
Methinks the lady doth protest too much...
Should we reconsider the implications of CFO Scott Tozier's recent resignation in a new light?
Did that criminal fine effectively cancel the two DOE grants?
Albemarle to Pay Over $218M to Resolve Foreign Corrupt Practices Act Investigation
https://www.justice.gov/opa/pr/albemarle-pay-over-218m-resolve-foreign-corrupt-practices-act-investigation
If $94m in total and $50m in 2024, does it mean same cuts in 2025
The company plans to cut staff, but did not say how many employees would be affected. In all, the moves are expected to save $95 million annually, with $50 million coming in 2024, Albemarle said.
The company said it would record a charge in the first quarter associated with severance and related benefit costs, exit and disposal activities, and asset write-downs.
Per MGT sounds like it is just starting….
About 20%
Confirmed x4
How many people? Is it over or still going on?
confirmed x3
Confirmed X 2
What's the package?
Confirmed!