“It’s a depression” — The disturbing email a Houston CEO sent his soon to be laid off employees These are challenging times for everyone

This is the email that David Little, Chairman and CEO of Houston-based DXP Enterprisessent to his employees to explain why, “due to bank obligations and to continue a positive cash flow profile” the company has to freeze 401(k), why it is cutting pay in some cases as much as 60% and  why many employees are about to lose their jobs in the middle of what is an “oil and gas depression.” It is a disturbing read.
READ MORE:https://www.intellihub.com/its-a-depression-disturbing-email-houston-ceo-sent-his-soon-to-be-laid-off-employees/