This CEO announces to lay off 500 employees; says can't understand why people are not happy with his decision
"The headline should have been that recent strong execution and today`s restructuring have positioned us to meet our fiscal year-end goal of break-even cash flow, with a renewed focus on accelerating our growth," McCarthy said.
McCarthy was apparently surprised to learn that media reports "accentuated the negative" from his lay-off announcement. Pic: IANS