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Well, just got the call from a former co-worker telling me that Whiteblox, lead by CEO Greg Demetriades, has had a massive layoff today. I saw this coming when they first had payroll hicups in January, at which time I quit. I knew my time at Whiteblox was short when Greg Demetriades stopped by our cube on payday and mentioned that it was horrible the way banks hold large checks for a period of a few days before releasing funds. I said, "fellas....that's called fore shadowing...", and sure enough, just 2 hrs later when checks were handed out, there wasn't even money available to cash the first check at the teller window.
It's my belief that Greg Demetriades knew the payroll was gonna bounce when he came by our cube, but he didn't say so. I lost faith in him, and faith in the solvency of Whiteblox, so I quit. Interestingly enough, and in similar fashion, I'm told that today Greg Demetriades was not available for the all hands meeting in which nearly the entire staff was laid off. The staff have not been paid in quite some time, so one would wonder why they were still there. Apparently they had some misguided faith in Greg Demetriades, that somehow he would come through.
Our thoughts go out to our friends at Whiteblox, which is owned by Continental Vista Broadcasting.
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By Hank on 12. May 2008 23:45 | Comments (69)
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