Missed the numbers, stock dropped 16% (33% for the year) and now a note to all employees offering a voluntary buyout — if not enough people go for it, the layoffs may begin.
It is amazing to think that after selling over $1 Billion worth of art in 2 weeks the firm cannot make enough money to sustain your business … might be time to rethink some of those HUGE guarantees and those MASSIVE catalogs?
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