With the considerable debt problem becoming worse, missed estimate, and plunging stock, I guess we can expect all kinds of bloodbath.
Sabre misses Q4 revenue estimates, stock drops 10.5%
https://finance.yahoo.com/news/sabre-nasdaq-sabr-misses-q4-132303940.html
The accumulated deficit increased from 3,951,934 USD to 4,048,393 USD in Q4
https://investors.sabre.com/financial-information/quarterly-results
4Q earnings is Feb 15
Earnings haha. They should rename it Losses for Sabre. If below expectation expect more layoffs.
End of WFA
APAC is forcing all staff back to office. Dictatorship. Mgt with no brains. They should downsize office space and save the money instead of laying off people. This company just does not value its people. Gonna resign now - enough of this c**p... — read more
Why are people convinced there'll be more layoffs soon?
Everything I've read about it so far is people wild-guessing and speculating. There's been no official word on more layoffs. I'm not claiming we won't have more layoffs, but I think that scaring people for no good reason is counterproductive. Let's... — read more
Don’t be surprised
To hear of an upcoming layoff. Earnings is in a few weeks and shareholders demand costs cuts when a company continues to lose money.
Insider Buying at Sabre Corporation
It's interesting to those still holding a Big BoC. Insider Buying at Sabre Corporation Last 12 Months The CEO bought shares at $5.34 per share, even when the price was higher than $4.20. Insiders own 0.8% of the company, which is a good level but... — read more
Layoffs in the next few weeks
Rumors are going around about even more layoffs in the next few weeks. Does anybody know if there's any credibility to these rumors or not? I'll be honest, I'm getting a bit tired of having to worry about layoffs all the time. These days, job... — read more
KRK
Hi, does anyone know anything about the situation in KRK? Are there any information that the management team is supposed to be transferred to the USA, while only some of the development teams will remain in KRK?
Performance Improvement Plans
Is anyone currently in the PIP or has been before at Sabre? If so, could you share your experiences?
They now know
With just 0 more business days before end of year Sabre now knows what their 4Q earnings and expenses were. If revenue growth is small and expenses do not reflect savings from prior cuts expect another round of US based layoffs. I am guessing a 5%... — read more
$100M in Savings Paying off???
What do you have to show for it, KE? You and your e-team needs some house cleaning. Oh, but wait we need to see the ROI on the vests…
“People Team vests for Everyone!”
The Chief People Officer just posted a LinkedIn.com post with a picture of a presentation slide which states, “A small token of my appreciation - People Team vests for Everyone!” How do we get one?
Bankruptcy in 2024
That is my prediction. $5 Billion in debt, revenues not even covering expenses, losing customers, business model just is not working. Oh but executives will be getting big bonuses.
Arrows in a direction
Today we learned Sabre is paying people who are deciding on the number and the direction of arrows for marketing. While laying off people who actually create and support technology. Now you know company priorities.
High cost locations
Run away if you are a high cost location resource. Doesn’t matter if you have unmatched experience and knowledge… you will be laid off because your CEO wants to keep money before he dumps Sabre.
Rotten sellout Leadership
KE: President and CEO- This guy is here on a short term assignment to make money for himself. He is using the easiest path to raise money for himself by firing resources. He lays off mostly US based resources and the next day positions open up in low... — read more
Can't even make payroll?!?!
My first job in IT was in the payroll dept, setting up ACH. Don't believe that any major bank has this many problems with the ACH process nowadays. Sabre probably got it all kicked back for NSF!!!
More layoffs
more layoffs today....our entire team is gone. I have to say I am sick of this, and am glad to get paid for a few months. It just makes me sad that I put in so many hours of overtime (weekends and after-hours) for many years, only to be let go and... — read more
Sabre - Specialists in losing customers and lowering standards
While we are hemorrhaging customers, Sabre decides to lower its standards by hiring contractors with zero airline domain knowledge and minimal English speaking skills. There is not a Director who is willing to speak up and tell their higher ups of... — read more
Why are Sabre bookings not fully recovered?
Insiders, what's the missing piece in Sabre's bookings mix that is holding the company back from a full recovery? Is it US to APAC international flights (in particular US to China)? Is it something else? There seems to be no issue on the pricing... — read more
PSS customers leaving
Another big PSS customer leaving VN, will Sabre be able to slow and turn around the exodus?
Ransomeware
Does Sabre just got hit with ransomeware attack? Why nobody is talking about it in public space? Was it noticed inside the company? I am out for couple of months now and just got to know about this attack.
People who got laid off where are you now?
People who got laid off in May where are you now ? How hard was it to find a job ? How long did it take find a job ? And how is the pay compared to your sabre pay ? Higher or lower?
Medical insurance
What do people who have been laid off do regarding medical insurance? Knowing that more layoffs are likely, that's the thing I worry about the most right now. Especially now that I know that finding a new job might not be as easy as it was last year... — read more
Sabre stock going to the toilet - again
Dropped from $30 to $3 last 8 years. It seemed it was going to correct itself when it climbed to almost $6 in Sept and now it’s barely holding $4. Down to $3 where you belong POS company! BK in 2024 or 2025 most likely. $5 billion in debt and barely... — read more
Give EVERYONE stock options like all the big tech companies!
Why are these execs so greedy??? Share the wealth with the people who actually does the work. I guarantee morale of the workers will be better. Everyone will work 10x harder to innovate. Thos is the perfect time to cut everyone in. The stock is... — read more
Another round of layoffs going on now??
I saw a post of a person who was just let go from Sabre, despite having recently (July) received a raise. Is this a one-off situation or more people are getting their notice? Please share. This is very disheartening but I would rather know than be... — read more
Shift opinions?
What did you think of the shift announcement today? Does it mean more layoffs, less layoffs, nothing, something, genius, bs?
Average pay raise in 2023 at Sabre
What were the average pay raises in the USA, Poland, and India this year?
When will Google aquire sabre?
Only reason I'm sticking around this sinking ship. Pray every night that next morning I get the life changing news that Google acquires sabre and gets rid off all the bad management that got us here. Employees get a Google level salary with stock... — read more
More layoffs this last week
Let’s hear it peeps…. Sabre going bankrupt sooner than later.
Almost 4 months later - still job hunting
It is a very competitive job market at this time with hundreds of applicants for every job opening. I have lowered my standard and still unable to land a job. It’s still very disappointing for Sabre to cut us off and leave us out in the cold like an... — read more
Anybody heard about impacts to insurance, perks, etc?
Sabre pays out the wazoo for health insurance. Great benefit, but I don’t see how they can justify that anymore. Plus, the holiday shutdown…. Awesome, but how can a company trying to avoid bankruptcy do that??
Stock up 32%
which proves that we are going in the right direction and you might not have noticed that travel is recovering rapidly. Domestic now above 2019 levels. International and business travel also improving. Now, as far as unconcious bias is concerned, I... — read more
It's all about the bottom line
Sabre and those who run it don't give a damn about anything other than the bottom line. If you think you matter, you're not very smart. They care whether and how much they get paid. They couldn't care less whether you get a raise or get laid off... — read more