Nothing, no plans for cuts - the company is solid
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There will be more laid off soon this year. Fiery business hardware division has nothing left to develop.
$1 billion stock crash on 'Black Friday' 4-Aug-2007, followed by another $1/2 billion crash due to delay in reporting.
EFI's cooked-book chickens are coming home to roost!
40-50 people were laid off in May 2017. EFI currently owns one building in Fremont: 6750 Dumbarton Circle, and rents one floor of the building next to it: 6700 Dumbarton Circle. The rumor is that additional layoffs are coming in the next few weeks to reduce down to the one building they own and save on the rent cost.
How can you say the company is solid when their business has been in a death spiral since 2007? Look at the EPS shift over the last 4 years - from $2.26 down to $0.95 last FY! EFI is surviving a declining market (print demand) through acquisition - there is no organic growth in their future just obsoleteness. EFI is as solid as Kodak or the Yellow Pages or the Oakland Tribune. Might as well tell people their jobs building fax machines are safe.
a bunch of my team was laid off today, as was a bunch of QA.