Big shake ups coming in January. Big downsizing.

Globally we are headed for a gutting. List any known and confirmed store closures happening now or Q1 2025

Their global licensing agreement for watches and jewelry is through 2024.

The new CEO seems to be happy posting photos in social media on how he is enjoying riding his mustang in FOSSIL premises on a sunny day, when behind him A&M is standing and handing over pink slips to employees and sinking the FOSSIL brand.

Anyone would care to chime in with a prediction about potential Fossil layoffs? Any chatter, news or rumors?

I’m hearing that there are layoffs happening today, is this true?? Does anyone have any insight?

I remember going to those d-mb game-playing sessions back in 2017 and it was supposed to save the business. Then they brought in that Steve brand guy and everything went downhill.

Has anyone heard how much longer Laks and Truett will be around? I had heard end of 2024 but have also heard another year?

Alright, who’s in the mood for a little excitement? It’s time to open the bets! What’s coming next for us loyal Fossil servants? Another round of layoffs? Maybe they’ll just sell the whole company! Or, better yet, how are we going to magically save... — read more 

Did the IT guys downstairs get the boot?! I truly hope we don’t have to deal with another over-seas IT help. What is going on here, it feels like everyday great people are leaving.

She is the most tenured employee in the company and you are outsourcing her job to India. What a terrible look. Fossil you have shown no loyalty to us but you want us to show loyalty to you. Not one job is safe when India can do it for half of your... — read more 

The fossil stock is fluctuating like a pendulum but fails to achieve any meaningful highs. A&M should be dismissed immediately, as there have been no significant improvements or results!

I can’t help but feel totally frustrated by the current state of our leadership. It seems like our decision-makers (ELT/SLT) are increasingly disconnected from what truly matters for our success. Instead of focusing on fostering innovation and... — read more 

I'm getting tired of Fossil promoting wrong people to managers. The one we got recently is not a bad guy, but he is completely disorganized and in over his head. He has no idea what any of our jobs entail. Whose idea was it to put him in that... — read more 

...we have a fattening of the portfolio to quietly attempt to sell the company to someone else just to give execs a quick buck?

There are rumblings of layoffs this week. Does anyone know if this is true or are they just rumors?

The EVOLVE Classes email that came out today is further proof that the right hand does not know what the left hand is doing, otherwise its a slap in the face to all of us. Why would these classes be offered at the same time more layoffs are being... — read more 

I have to express how incredibly unhappy I am with the current company situation. What is Jeff, our interim CEO, thinking? He should be the first to cut ties with Truett, Laks, and their ineffective A&M team. They’ve done nothing but derail our... — read more 

I resigned years ago and moved on to MUCH greener and more lucrative pastures but often look back to my beloved Fossil only to see worse and worse news. How are there any staff left to lay off? And how’s the energy since obnoxiously and fakely... — read more 

Making popcorn to see how this all works out. Some major help wanted signs should be on display. CEO and CFO positions up for grabs!

The outlook for Fossil is beyond grim as their product demand dwindles in an increasingly digital era. This decline is evident in the company's plummeting stock price, highlighting its struggles to keep pace in a fast-evolving market. Despite hiring... — read more 

Our ELT and BOD are completely incompetent. Our stock price is abysmal. If you're foolishly hopeful because it increased slightly, wake up! The A&M consultants are a total waste of space. There should be immediate hiring and travel restrictions. Why... — read more 

So I’m having a hard time understanding why we aren’t profitable. Margins are good - most stores are profitable sales are declining that is true but they’re still bringing in profit. Rationalizing the store footprint to limit and axe non profitable... — read more 

Lets get to the point. Stores are barley profitable We borrowed Approximately 130 million in the fall of 2021 which comes due in 2026. IRS Return of Approximately 56 million coming back to us. A&M has not implemented any strategic... — read more 

The novelty in the fall retail bag line looks so dated! I remember seeing that chevron-like patchwork in bags years ago. The Fossil signature print is sad and boring. The floral print in the Dillon Weekender bag is hideous! I don’t see a guy or girl... — read more 

I just wanted to say… I guess Jolly Holly wasn’t made for this.

https://finance.yahoo.com/news/kanen-wealth-management-excoriates-fossil-192600698.html The consultants do dig in, but suggestions don’t seem to be accepted. Complete lack of reasonable decision making skills by leadership with regard to spending... — read more 

It is about time, but ironically, the company actually needs this business more now than ever

Finally some the miserable ELT team is being rooted out. Goodbye Holly, Robert and Darren. Now get rid of some of those long timers like Sunnil, Rob, and Jaime and their stale out dated ways of doing things. Your message old and tired. Time for... — read more 

At this point , a sale is the only way out to save the company. No management, no strategy, Fossil needs to be acquired. In an ideal scenario I would like Sh----a to do it but, realistically, the best option would be Movado or possibly a Japanese... — read more 

with the latest layoffs, the stumbling Fossil shows that the time has come to say goodbye. Just like the "old white men", these cheap wrist watches are no longer in keeping with the times. The smart descendants of the wristwatch relics are no such... — read more 

After all this time, I did not see that coming!

What a mess! It's like a never-ending cycle of throwing money at management for bonus payouts while still desperately trying to hire more people. And now they're already planning the next round of layoffs in a few months. Is there even a glimmer of... — read more 

News today is that the Distribution Centers in both Dallas and Germany will be outsourcing to a 3PL for warehousing in Sept 2024. A lot of good people will end their time with Fossil on the last day of August

I cannot believe that the BOD/ELT are approving bonus payouts for failure, while pushing us towards the brink of bankruptcy. Meanwhile we keep hiring and firing. More big layoffs are literally around the corners. Watch this space!

And what does it mean for the future of the folks still work there?

Wow. Just Wow. Not that this not justified considering the disastrous loss of value over the last few years and abysmal leadership....but considering his tenure and that he founded the company with his brother....the press release is so short and... — read more