Happy holidays! Pay By Touch layoffs to be announced next week

Pay By Touch, the biometric payments firm run into the ground by cocaine addict and convicted felon CEO John Rogers, will announce layoffs "immediately after the Thanksgiving holiday," a tipster tells us. Who among Pay By Touch's 700-plus employees can expect their sudden parole?

"The list of who stays and who goes appears to be crudely based on who was in the John Rogers camp vs. the Eula Adams/John Morris camp," our tipster writes. Eula Adams is a former Pay By Touch board member brought back as COO by the company's court-appointed overseer, Tom Lumsden. Executive John Morris is considered one of Adams's allies in the company.