Lenel Layoffs

Does anyone have details on the recent layoffs at Lenel. Rumors, as they are, are stating 20 plus sales staff being let go. Any validity to this?

I know it happened, but not sure of the number of people. I heard it affected Interlogix and Lenel.

We did a post here UTC / Interlogix / Lenel Layoffs as such I'll remove this discussion to keep things tidy.

To your question, yes, it is valid and it appears to have impacted Lenel and Interlogix.