Originally Posted by
Kritchlow
I know all of you NJ folks know what's going on, but some of us (maybe just me?) are somewhat lost. Are you suggesting NJ is getting ready to close shop??
If that's even a possibility I wonder what the furure is for CA. Our financials are somewhat under seal, but I'm certain we didn't have a $200M profit last year.
NJ is not going anywhere. However, the fractional model, overall, has peaked and I don't think the growth is going to be there to bring any of us furloughees back anytime soon. More furloughs are definitely possible as NJ downsizes and even after things stabilize, only the slow trickle of attrition will bring us back over a period of years. Who wants to wait around for that?
Of course, I hope I am way wrong on this, but I doubt it.