Burton taking the low road. No public announcement about layoffs. Sources inside PLT suggest Burton splitting them up to avoid California EEO requirements. Predict another round of layoffs beginning early next fiscal quarter. Targets will be mainly PLT personnel. Guesstimate of between 100-150 more honest hard working employees to lose their employment.
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Poly (AKA PLT) stock close to the teens. In such a strong market one has to wonder about the leadership...or lack thereof. Joe needs to go! Reflects on the board as well. Maybe time for the shareholders to make some noise.
Say it ain’t so, Joe.l ! How low will you take the stock price. Your leadership is pitiful. How many more folks you gonna lay off due to your incompetence?
Do you have any indication on which business units/departments will be affected?