X-Rite laid off 20 people since the week before last and never announced it. Mandatory 2 week layoffs, mandatory 4 days a week for the factory workers. White collar workers took 5% pay cuts.

This means that X-Rite is having trouble paying their employees. Which means they are in more trouble then they originally thought. Where are the first quarter numbers? Around 40% short is what you should expect to see.