GREY:LFDEF - Post by User
Comment by
ching819on Aug 17, 2018 12:07pm
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Post# 28478179
RE:RE:RE:reorganisation
RE:RE:RE:reorganisationRetrace1 wrote: Head office needs to look like a ghost town to right-size the business. A sub-lease would be great.
If OptiSar isn't happening, most of Vancouver has got to go.
Employee Count:
Mar 29, 2016: 113 Vancouver, 32 US, 93 Spain -- direct costs $15m/q, wages $6.2m/q
Dec 30, 2016: 112 Vancouver, 16 US, 118 Spain -- direct costs ~$13m/q, wages $5m/q
Mar 27, 2017: 107 Vancouver, 6 US, 109 Spain -- direct costs ~$11m/q, wages $4.5m/q
Apr 2, 2018: 86 Vancouver, 5 US, 1 UK, 107 Spain -- direct costs ~$10m/q, wages $5m/q
Wages still inflated relative to head count. Possibly severance packages? Direct costs could believably come down next quarter.
Retrace, do you have info on lease costs and when they could relocate ? Why do they need to be located in the most expensive part of Van ? Just a thought.
Ching.