Thread regarding Albemarle Corp. layoffs

Layoffs on 01/16/2024

Layoffs today in Charlotte, NC.

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| 1523 views | | 15 replies (last February 4)
Post ID: @OP+1qBMnCMZ

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?

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Post ID: @jgzi+1qBMnCMZ

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...

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Post ID: @gqon+1qBMnCMZ

Should we reconsider the implications of CFO Scott Tozier's recent resignation in a new light?

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Post ID: @7cwn+1qBMnCMZ

Did that criminal fine effectively cancel the two DOE grants?

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Post ID: @1zcd+1qBMnCMZ

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

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Post ID: @1vps+1qBMnCMZ

If $94m in total and $50m in 2024, does it mean same cuts in 2025

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Post ID: @1ulx+1qBMnCMZ

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.

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Post ID: @1abw+1qBMnCMZ

Per MGT sounds like it is just starting….

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Post ID: @1tqc+1qBMnCMZ

How many people? Is it over or still going on?

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Post ID: @fgs+1qBMnCMZ

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