Yes, my name is Robert BAird and I said this:)

R.W. Baird analyst Daniel Leben said in a research note that he's heard from his "industry contacts" that a round of voluntary job cuts began this week. While reining in costs are good, he said, cutting employees indicates that the company's renewal rates and ability to sell new contracts are under pressure. The labor reduction is "indicative of additional deterioration" in contract values in the second quarter, he said.