Pegasus Solutions Restructuring and Layoffs Under Way
Skift Take
Pegasus Solutions was once a leading provider of central reservations system services to the global hotel industry, but the business has fallen off the cliff. Letting the chief information officer and other top leaders depart doesn't signal that Pegasus' prospects will be changing anytime soon.
In the wake of Pegasus Solutions spinning off its central reservations system business to private equity firm Regent Equity Partners, a restructuring and layoffs are under way, according to a variety of sources.
Bill Rose, Pegasus Solutions' chief information officer, who had been working on building a new platform for the company's technology, has left Pegasus, according to his LinkedIn profile and a source. CFO Temple Weiss left the company in September and became CFO of CEC Entertainment.
CEO David Millili and chief sales officer Chris Wichers are leaving the company, too, according to a source.
Meanwhile, some 40 empl
