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Customer-Losing Flock Now Offers Buyouts to Avoid Laying Off Employees

Mashable writes: Flock Safety offered employees voluntary buyouts on Friday, WIRED reported... Without the buyouts, those familiar with the situation suspect the company would have to lay off some of…

  • Flock Safety offers voluntary buyouts to 1,500 employees to avoid layoffs.
  • Company losing customers due to contract non-renewals and increased vandalism costs.
  • Flock faces financial struggles, speculation of business sale or parts sale.

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