When the snr mgmt people spend weeks huddled away in rooms, cancel meetings at the last minute and stop micro-managing, then you know something is coming.
Just as last year, the layoffs commence after NAMM.
It's worldwide with a focus on moving roles to offshore locations. All HR driven it seems, purely on cost, rather than talent. Thanks Ilan, good work...
Of course, they're pushing people out before there's any consideration of whether the talent they need is available offshore (frequently, it isn't).
Barely scraping through 2016 audit, expect a failure in 2017 (as corner cutting is rife).
LHJ continues to drive the firm into the ground to bump up the share price by cutting costs. The fact we owe $100million doesn't seem to matter. He'll jump before we hit the ground. This is quite possibly one of the biggest pump & dump schemes I've ever seen.
If you're an employee, get out, get out now... No-one is safe.