Pens.com reviews about "layoff"

CEO took over during sake of company said he wasn’t doing layoffs then within a year moved a bunch of authority to France. The company started in San Diego. Sad. Threatened those left against talking to former employees. Those who stayed didn’t have the back bone to tell him he can’t dictate their personal al lives.

Dangerous company to work for right now. Very outdated tech systems limits abilities to properly market and understand ROI. Company is sold every 2-3 yrs to venture capitalists (flipping the company). This means company is not allowed to invest in new equipment or its staff and Sr. Management CEO, CFO, CMO, etc. are constanly pitching the business and twisting the numbers for prospective buyers instead of running the business. They recently were missing sales goals by more than $2million and the solution by those C-level managers was to layoff most middle mgt to cut overhead just to make the numbers look better on paper, instead of develiping solutions for short falls in the reapective depts that were behind (telesales, Web, Goldstein, NDC) so they could hit their sales goals and receive massive bonus for the year. All marketing plans and products were already in place for the last 6 months of the year, so CEO fired almost all Directors, VPs and Managers (average time eith company more than 10 yrs) and used the assistants and coordinators (who are grossly underpaid) to execute the plans and save a few bucks.

If they don't need you anymore they layoff you with poor explanation also after many years of service. This happened to dozens of people. Company is going down because quality of job is going down.