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
Topics regarding layoffs at Fossil Inc.
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
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
Anyone know what the plan is for july? Will we see An extended wfh schedule, layoffs? Would like to get some sort of info.
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
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
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
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 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
What an incredibly lame bunch. Kosta: You have surrounded yourself with id–ts.
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”?
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
Have you ever heard about NWF 2.0+ and MVO? More layoffs are coming.
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?
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
Only at Fossil can you have mass lay-off and some of Kosta’s ELT get Outstanding as a rating.
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
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
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.
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?
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
Anyone know when layoffs will begin? Or have they already?
Anyone know what the severance package has been looking like for people?
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
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
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.
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...
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
Does anyone know when the Q4 earnings call is actually going to happen?
Why are people so convinced there will be massive layoffs next week? What did I miss?
Word is there will be large scale layoffs and restructuring starting on the 17th. Anyone know any more information?
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
How many people work at the company? How about the headquarters at Richardson?
The ship is taking on water. Survival mode.