RE: IR GoneEffciencies were announced in their Q2 report:
The second strategy was to redouble our efforts at cost reduction and
efficiency optimization. To this end we executed cost reduction actions in
June to achieve over $1 million in future annual savings. Further actions were
carried out in July and August resulting in significantly further increasing
the annual savings. These cost saving actions had a negative impact on second
quarter results as severance costs were expensed in the second quarter."
Gerry W was no longr on the books as of 2nd week of august. Not that he added much to the cause anyway. :-)