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.
Topics regarding layoffs at Fossil Inc.
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
Anyone know when layoffs will begin? Or have they already?
Anyone know what the severance package has been looking like for people?
People were laid off yesterday and even more will be shown the door today and tomorrow. We are looking at a rough week ahead of us, folks...
Come on people. If you are at this website, then you must know information. Show some empathy and provide information to your fellow colleagues. So they aren't walking blind into work tomorrow without knowing what to expect.
So rumor is: 40% of the company will be laid off (not just headquarters but all the Americas) It will include workers to management Upper management claim they can't talk about it YET certain people claim to know what is going on (really... — read more
This was not a fun weekend but at least it should be over today one way or another. It's the wait that's worse than anything in all honesty. If it turns out that today is not the day after all and they keep postponing it I'm not sure how I'll take it... — read more
Why are people so convinced there will be massive layoffs next week? What did I miss?
Does anyone know when the Q4 earnings call is actually going to happen?
Word is there will be large scale layoffs and restructuring starting on the 17th. Anyone know any more information?
How many people work at the company? How about the headquarters at Richardson?
review time, time to be told how replaceable you are. do a great job all year and get your M. While all of the Veeps and directors get the E & O. Remember M does not = Meets —Its really means Mediocre. Anyone else doing your job could do just as... — read more
What is up with this data breach? Did everyone get the letter or just those affected? Anyone know anything?
The lay-off is coming. Everyone needs to be looking. Where is Kosta and his leadership gone? He is allowing his minions like Greg and Darren ruin this company and run in ground. Several big players leaving fossil because the leaders have no idea what... — read more
This thread is for info about potential Fossil Layoffs 2020? Any news or rumors?
Heard a tremendous amount of toilet flushing right after the earnings call. Some people didn’t make It and sh– their pants in their office. Robert’s office is a disaster. Leadership is everything. Poor leadership and execution leads to poor results... — read more
Another huge global layoff round is already in preparation. Good luck to all out there still.
The ship is taking on water. Survival mode.
Another round of pink slips in the U.K. About 20 finished today. Mainly customer-facing. Customer Service will be handled out of Guatemala in the future.
Huge Layoff in Europe is ongoing. They shut down the polish and swedish office... German headquarters face layoffs from 20-25% of the whole staff. Thats what they made out of the company. Idiocracy at it‘s best — read more
At a certain point of time we should ask our self if it's still the best for the company to union CEO and chairman position in one old Dino. A bit more control would be good for the money invested. — read more
Tomorrow’s earnings report is going to be a disaster. I will be on the 3rd floor with a soup pot on my head to protect myself from the inevitable fallout. I’ll also be passing out diapers to VPs., so that they don’t have to run to bathroom to do... — read more
https://seekingalpha.com/article/4249987-fossil-lack-brand-identity-threatens-company Fossil lacks brand identity and poor marketing — read more
https://seekingalpha.com/article/4241727-fossil-dead-shares-will-end-worth-nothing Is anyone still hanging on? — read more
Notice to VP's take care of your management team or they won't take care of you.
The layoffs have started. IT is already passing out packets...more to come I'm sure.
UK shopping chain House of Fraser couldn't reach agreement with Fossil on their continuing contract for Watch Station concessions in some 50 store locations. All concessions now shuttered, resulting in hundreds of UK Fossil Folk being made redundant.
I've heard rumors that layoffs will be coming in Mid January. Any truth to this?
This is a master thread about Fossil Layoffs in 2019?
https://www.reddit.com/r/The_Donald/comments/9qnty6/trumps_deputies_are_ending_obamacreated/?st=JNLTG5A8&sh=d3e8703c — read more
Please pay attention, things are getting worse and worse, just look at the numbers. The executive lineup is sticking their heads in the sand and this will not end well for the worker. You need to look into the dynamics in the marketplace and you'll... — read more