Avid Restructures to Please Wall Street

May 12, 2016, 06:24 AM

http://bobbyowsinskiblog.com/2016/05/05/avid-restr...

A few months ago Avid proudly put out a press release about how they just hired 250 new employees to staff new facilities in the Philippines, Taiwan and Poland, and how they would save $68 million as a result. Oh, and by the way, that was at the expense of closing down offices and downsizing its staff in the U.S.

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