Avid Technology - CFO Pulls Ripcord As Bookings Crater And Liquidity Crisis Nears - Avid Technology, Inc. (NASDAQ:AVID) | Seeking Alpha
The good news is, even though there have been a lot of layoffs in the last few months (Frank Capria is one example), you'll be happy to know the execs are still getting their bonuses.
"In Q2, despite aggressive cost cutting, the company said it is facing a significant cash burn, of approximately $30M, partly because they need to pay out bonuses."
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Posted by: Terence Curren <tcurren@aol.com>
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this is the Avid-L2
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