So, are we supposed to actually believe that this new Senior Leadership Team is going to actually do something for the company? Seems like a great way to mask raises for those in top positions while the rest of us take our pay cuts this year and... — read more
Topics regarding layoffs at Fossil Inc.
Again mass layoffs in EMEA today: commercial, marketing, IT, supply chain... They won't stop until they eventually fire everyone.
I got laid off in the last round of layoffs in June and it’s sad to read how unhappy of a workplace Fossil has become for some. Makes me feel like I was lucky to be let go. I recently got a job which I’m so excited about and want to encourage those... — read more
Does it seem tacky to anyone else that management are being “kind and generous” to offer another bonus program (based on the company hitting certain goals for remainder of 2020)? In the same year they did two rounds of large layoffs, plus under the... — read more
I am begging all of us reading this who still work at Fossil, it’s time for us to leave. A lot of good people have left (voluntarily) and a lot of good people were let go. There is no reason to stay. The culture is dead. The leaders have no... — read more
And this continues, now many Assistant Managers in the stores being let go, any other cuts that we need to pay attention too? I'm upgrading my Resume yet again, is this going to stop? This is no way of living, every other month.
Did they really cut a lot of employees pay? By how much? I have not noticed any difference in my check yet?
Any warehouse/distribution employees concerned about layoffs - consider stopping by Onin Staffing's office in Richardson. They have over 100 positions open in the Garland area ($10-15 per hour depending on shift/position) , and also have 200+... — read more
I heard there were some layoffs this past week of June13th on the portfolio brand teams. Were there more in other departments? For those of us left - how long are we really safe even if we survived the last two big rounds of layoffs?
anyone know what this call is about? What’s happening with our furlough management? Are paycuts going to happen at store level also? it’s quite at stores no communication with district leaders. Feeling unappreciated since we are the ones out... — read more
I wanted to see if anyone had an update on what teams were let go? What does the new structure look like? New world Fossil 3.0 ha
Kosta's email confirmed that layoffs will begin Monday. If you are not laid off, then there will be a permanent pay reduction for 'most' employees. As many times as Fossil has completed layoffs, you would think they would learn to do the layoffs... — read more
Does anybody have a view on why Greg McK keep buying the stock the more it falls? It has been a falling knife so far but he has been putting A LOT of money in the stock (more than 4mn $), of his own money (not options) and he now owns 2% of the... — read more
Anyone know what the plan is for july? Will we see An extended wfh schedule, layoffs? Would like to get some sort of info.
There has been a virus at Fossil for a longtime. Years of crazy acquisitions, licensing agreements, product ideas (hello Craft), senior staffing decisions and a corporate headquarters that was never used to its full potential. Now - leadership can... — read more
What an incredibly lame bunch. Kosta: You have surrounded yourself with id–ts.
I know this are tough times and there is a lot of concern about the future... however trying to see the glass half full, could this be an opportunity for Fossil to go back to its roots on the one hand as a more streamlined organization, smaller... — read more
Can a company just cut pay and hours across the board and then keep it like that? I understand under special circumstances such as a pandemic but then to decide not to change it back later on and keep it for good? Is there no legal protection for... — read more
I'm sick and tired of this place. They are using every trick in the book to get us to quit on our own in hope on saving on severance. I don't see them rectifying the pay situation any time soon for this exact reason. So if my name is on that list... — read more
Does anyone have any insight on when the layoffs are happening in the Richardson office? They have been implied but no actual confirmation of them happening.
I’m all for the movement and the protests and making change but doesn’t it seem a little tone deaf to tell all of the employees you aren’t paying a full wage to donate and they will donate twice as much with money they “don’t have”?
Have you ever heard about NWF 2.0+ and MVO? More layoffs are coming.
It’s easy to show success at retail when you’re giving everything away! It takes no retail genius to realize there’s very little profit at 40% off everything and an additional 25% off if you sign up. PLUS - wait - there’s more - you can that discount... — read more
What is everyone's thoughts on whether we will actually be back in the office in June. I know that's the plan so far, just curious if there is anyone else that thinks that it could change?
USA folks (sorry international audience, come witness our id–tic state vs. federal vs. employee rights BATTLEFIELD ) - In case anyone is wondering and hasn’t learned this yet — since Texas’ stay at home orders will expire April 28, and selected... — read more
Any more Texas layoffs any time soon?
Someone at the dallas corporate office in Richardson has tested positive for Coronavirus and is in self isolation. Offices are closed until end of April anyway.
DH reported a base salary of $2.1 mil LY. If he was reduced to 20% of his base pay that would still be more than 85% of the company employees make in a year. It would take my husband and I, with a combined income, 3.5 years to make only 20% of what... — read more
There has been no information given out as to what next 2 weeks look like. management and store teams left in the dark. It’s silent out there. People need to figure out if they going to be able to get paid or use vacation time. Grateful teams... — read more
I keep hearing there will be more layoffs this year at Fossil. Has anyone heard when the next one will be this year? Or if they will be sporadic throughout the year?
I survived this past round of layoffs. I haven't been at Fossil that long so my severance wouldn't be that great if I were to get laid off in the future. No raises this year, should I be looking for a new job?
Only at Fossil can you have mass lay-off and some of Kosta’s ELT get Outstanding as a rating.
Where is all of this taking our communities and our company?
https://www.dallasnews.com/business/retail/2020/02/21/fossil-lays-off-employees-at-its-richardson-headquarters/?utm_source=pushly/ Please note it’s behind a pay-wall. Full Article pasted below: Headline: Fossil lays off employees at its... — read more
I have joined the company less than a year ago and was excited about the opportunity - I love watches and retail and I am a tech geek. I am aware of the many challenges retail faces and the way Apple has disrupted the watch industry. Yet, I thought... — read more
What kind of layoff criteria have been used to determine who will be laid off? This is always murky here at Fossil, they never disclose things like this. Redundancies just happen and somehow, if you are friends with management you are always... — read more