Topics regarding layoffs at Sabre Holdings

Topics regarding layoffs at Sabre Holdings

Empty Shell

Sabre is now an empty shell after key members left in June and others leaving in September. Not sure how the leadership is communicating to the remaining few customers that they will get no support. How is Sabre even marketing the new offer/order... — read more 

Are PIPs survivable?

I haven't been put on a PIP yet but I wouldn't be surprised if that happens considering that my manager has it out for me. My question is, if that happens, is there any point in staying and trying to "improve" or is the best course of action to quit... — read more 

Merit Cycle

Has the merit cycle started? What’s the merit increment this year, if any?

union?

I knew some countries were working on that, I don't remeber if it was Brazil or Uruguay, I think it's Uruguay since I never had Brazilian colleagues but I don't know. I'm looking for the latest on that topic since I'm interested in the idea in my... — read more 

Sabre Pros and Cons. Please add.

Pros: It is a job Cons: Company bankrupt within 2-3 years CEO is a greedy, arrogant, liar Say bye bye to WFA Salary adjustments lowest in industry Attribution = more work for others

Preparing for the inevitable

Section 1. Elimination of Certain Liability of Directors and Officers. To the fullest extent authorized by the DGCL, a director or officer of the Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages... — read more 

KE

KE is the worse of the worst and will most likely single handily bring down the company into bankruptcy. He can not be trusted, is blatantly arrogant, greedy and it’s all about himself. This is why numerous senior executives volunteered for early... — read more 

Crises of leadership

As usual 1s is struggling to catch up with 1a. Sabre announced the new platform to catch up with 1a announcement. Result is 1a stock is €64.02 (+1.91% past 6 months), Sabre stock is $2.97 (-18.41% past 6 months). What does product SVP have to show... — read more 

VSP is a joke

The only people who will get it are those in redundant positions or roles that can be filled offshore. So basically, if your job can’t be done overseas (e.g. commercial roles) you are DENIED. The anti-people team lied about this being an offer to... — read more 

Layers of bureaucracy

1 - I am a Manager who reports to a Director 2 - Director reports to a VP 3 - VP reports to another VP 4 - VP reports to SVP 5 - SVP reports to EVP 6 - EVP reports to CEO KE Why do you need a Director, 2 layers of VP and SVP?

Leaders with no spine

Over the past 5 years I have come to realize the managers, directors, VPs, SVPs have their position because they do not have a spine. KE will tell them to layoff people (or bend over) and they will without questioning. Given that KE is here to milk... — read more 

Acquisition

Hearing Sabre is headed towards declaring Chapter 11 bankruptcy and being acquired. Acquisition will result in mass layoffs across all locations. The ELT team will sell you out to make their million dollars. Decide wisely.

Volunteers?

Word has it that US based employees were just sent an email asking for early retirement/voluntary severance volunteers. They are offering extra severance for those that accept. For example, if you were eligible for 26 weeks, you will get 39 if you... — read more 

Employees raise to keep up with inflation

What ever happened to that? Execs keep delaying but they took hefty bonus and raise themselves. They will eventually lose all good employees and replace them with offshore hacks.

Spring 24 layoff

Word is approximately 5% layoff coming before Q1 earnings at the start of May. Seems like not enough time to plan it so maybe really before Q2 earnings at start of August. Anyone know more?

Sabre stock hit $1.99 today

It recovered a bit to the $2.40s. Share holders will be upset and demand more immediate cost cuts - guaranteed. Sabre keeps refinancing debt to push due date further but every time they do that it costs them

I think we're almost there

There is no significant debt to refinance before June 2027 (3.5 years away!) , and the business is already EBITDA positive, and right around levered free cash flow breakeven. By mid-2027, you can assume most improvement factors to cash flow will... — read more 

No Layoffs?

Today Kurt said during the Town Hall there are no layoffs planned and we are good for 2024 and 2025. Buy the dip!

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| 2240 views | | 7 replies (last April 25, 2024)
Post ID: @OP+1rcSAlqy

New layoff wave

Is there going to be a new batch of layoffs in KRK? They have just canceled Morning Coffe and there will be a Town Hall on the 7th of March. They said it's just because of the winter break holidays, but strangely it's happening right after financial... — read more 

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| 1790 views | | 5 replies (last February 21, 2024)
Post ID: @OP+1r9rfBwz

Here is the bottom line summary

Yes revenue is slowly increasing but they are losing millions every quarter! Even if they start making a few million per quarter later this year they are still paying over $350 million per year on interest alone for the $4 billion. Refinancing the... — read more 

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