Taschler’s departure follows less than three months after the resignation of Palm Coast Data CEO John Meneough, and three weeks after the company posted another steep revenue decline.
palm coast data
The Palm Coast Data layoffs are the latest in a string of job losses that have struck the company’s warehouse, membership services, IT and management.
John Meneough, 62, had been with Palm Coast Data in its various incarnations since 1996. A successor has not been named. Meneough’s resignation is part of broader changes at Palm Coast Data parent Amrep Corp.
Revenue at Palm Coast’s largest private-sector employer declined to $73.6 million, from $92 million the previous year. The company’s revenue has dropped 40 percent in four years.
The NRA account represented 5 million members and a lucrative source of income. The loss compounds other losses in magazine titles that are either closing or migrating to other fulfillment companies.
Palm Coast Data revenue fell $15.7 million in the last nine months, compared with the same period a year earlier as trouble for the company and its parent, Amrep, continue.
A principal shareholder of Palm Coast Data parent Amrep Corp. and customer of Palm Coast Data is ending its association with both. The company is nowhere near its 2008 pledge to hire 700 more employees locally.
At Palm Coast Data, revenue declined $10.9 million in the six months ending Oct. 31, a 22 percent decline from the same period last year. Palm Coast Data parent AMREP Corp.’s Southwest subsidiary owes a $22.5 million loan to be repaid on Dec. 16.
Half Palm Coast and the county’s elected officials and top administrators were invited to Palm Coast Data’s picnic. The public wasn’t. That’s not the main problem.
Palm Coast Data, largest of its parent companies’ operations, lost close to $24 million in revenue this year.