They call them "efficiency initiatives" now. And "talent alignment and facilities rationalization programs".
As in, triple your debt, slash your human capital and squeeze your vendors.
It's a bold move. And harsh medicine. If AVID defaults, Cerberus will own them Lock, Stock and Barcode.
Execs are betting it all on the "Avid Everywhere Vision".
Best wishes to all those talented employees heading to the life-rafts, and to those still remaining onboard.
I mean that sincerely. Neither trip is going to be easy.
RT
Sent via iMobile
I don't know if this is about the 150 people Avid laid off a few weeks ago or if there are yet more to come.
Avid Technology slims down again
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Posted by: Richard Tibbetts <huipro@hawaii.rr.com>
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this is the Avid-L2
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