Guestlogix Inc T.GXI.R

7% layoffs

[oddcrowd]

https://www.nasdaq.com/article/guestlogix-reports-restructuring-to-cut-7-of-workforce-20150407-00185

Maybe the new boys in Ireland are taking over the EU sales and dev and the Hong Kong office. Anyone got any thoughts on this?

[thecloser1]

High costs have always dragged earning downs.   Glad to see GXI do what good companies do in cutting down expenses for share holder value.   

[toppgunn]

From an investor point of view, I'd rather see them hiring than firing. Tells me the company is not expanding. Sure you can cut and remove deadweight but how does the company grow. The share price tells the story.

[eunice12]

They didn't fire salespeople.

[toppgunn]

anyways downsizing is reduction. I will continue to watch but unlikely to invest as mentioned I prefer hiring taking place whether it is salespeople or tech staff tells me the company is growing. Who knows maybe they only need salespeople.

[toedipper2]

They didn't fire anyone as you mention.  They laid them off which is different.   >>>They most definitely laid off salespeople. 

[toppgunn]

What's your point? Laying off or firing still means the same - reduction in the workforce. Yes those people can come back in a layoff scenario, most of the time unlikely apart from seasonal work which I don't think exists in this company. Anyways, the workforce is smaller at GXI.

[toedipper2]

That statement was correcting eunice12 who informs us that no sales guys were ditched.  Which might be correct but isn't. I interpret firing as a means getting rid of people who have done something negative for the business.  Laying off is getting rid of good guys which infers a change in business focus or strategy.  Just my 2 cents. We'll learn more soon I guess. As you

[toppgunn]

it all depends on your interpretation. Firstly, I'm not a shareholder but have watched with interest as been on BNN top picks and commented. That being said, I would rather invest in a company that is growing rather than laying/firing/reduction/cutting the legs off at the knees (whatever you want to call it - I don't care), even with a reduction in costs. This tells me this company is

[yiotta]

  Part of the benefit of most acquisitions is the cost savings of consolidating overlaping operations and this means layoffs.To claim this company is contracting is silly.Learn about the company.