2000+ layoffs begin today Friday May 8th throughout the company. Since KKR acquired this company in 2007 there have been more than 15 layoffs approximately 2 per year. Zero job security, raises every 3 or 4 years if at all, no 401k match and high health costs. If you are bonus eligible you get worthless company stock which ironically you lose if laid off (they plan it that way). Worse company to work for - avoid at all costs! Dead company with no upside potential even if they ever IPO.
4 replies (most recent on top)
18 years of service and let go. Bitter sweet
Positions are India bound
Yup i was canned today 10 yrs of service