RE:GXI: restructuration plan looks very interesting.The restructuring plan speaks volumes about the wasteful culture GXI had been working under. Well done!
Key restructuring and cost reduction components of the plan include:
-- Reducing GuestLogix' salaried workforce by 30 people, effective immediately within all geographies; -- Ending engagements with over 25 contractor and third party service providers; -- Rationalizing service providers for key business services; and -- Significantly reducing non-essential General and Administrative costs such as travel and entertainment expenses, communication costs, rationalizing excess space, etc. Read more HERE.