They laid off good potion of company
Sentiment: Strong Sell
based on after hour news...Score one for you. So you worked there? That was my original guess, but I assumed you were disgruntled (not saying I have met someone gruntled)
So are they adjusting their forecast downward since those prof service employees are the ones generating the service revenues? If they don't adjust downward expect that they won't meet forecast.
how can they get away with letting so many people go? they hid some of the layoffs in 30 day extensions, but have laid off in excess of 25% of their workforce on Monday. legally shouldn't they file an 8k?
Where did you find this information? This is a good thing short term as it may prevent cash burn and maintain profitability.