October 15, 2010
Final Downsizing Cuts: 9/14/2009
Crown has attempted for several quarters to get our staff utilization to a healthy mix of 85% employees and 15% contractors. We have been unsuccessful in those efforts and have taken action today to accelerate movement in that direction. Effective immediately, several employees have moved to 1099 sub-contractor status. Several of the individuals already have SOW’s for current projects. We hope to maintain a strong sub-contractor network to provide superior services to our customers in a fiscally responsible manner and hope these individuals continue to play an important role at Crown.
We have also taken action to terminate a few other individuals. We wish them the best in their future endeavors and will support them in the transition process:
Outside of the professional services organization, due to the decrease in full-time employees we have offered a reduced workweek .
We will discuss today’s action and our plans for Q4 during a town hall meeting that will be scheduled for tomorrow.
Richard
We have also taken action to terminate a few other individuals. We wish them the best in their future endeavors and will support them in the transition process:
Outside of the professional services organization, due to the decrease in full-time employees we have offered
We will discuss today’s action and our plans for Q4 during a town hall meeting that will be scheduled for tomorrow.
Richard