Gee, where do I start. The new CEO and CFO lack a vision to grow the company. The CEO came from the activist that took over the company about a 18 months ago. In my opinion, all he wants to do is cut the investments in the growth drivers and sell off business units that will not generate revenue within the next 6 months. This is typical Wall Street mentality and it kills innovation for a high-tech company. As Forbes magazine pointed out not long ago, it sure looks like they are trying to package the company for sale. The new CFO is just mindlessly following the direction of the board and has absolutely no conviction or ideas of his own.
The morale right now is terrible after the many layoffs. Nobody wants to put in the effort to win and excel in their positions, and management doesn't seem to care that morale is that bad. It is very depressing showing up for work every day right now. Compared to how it used to be, it is like a ghost town in the buildings right now.
A lot of the good business leaders have left the company the last 18 months. The current leaders just don't have the talent to lead. I myself will be now be leaving the company soon as I started to put a lot of my energy into a job search. The few good people left will be leaving soon as I know they are all actively looking for an exit.
This review is not a rant. Things are really that bad at the moment. I am writing this review to help those interested in applying tor the open positions at the company, which are many due to the massive attrition, in spite of a hiring freeze. To those interested in working at IDT, unless you really need a paycheck, stay employed where you are.
