long 10k filed friday. can someone with more brain and expertise please explain what is our “material weakness in financial controls?” around page 1105 of the pdf document. have the auditors concluded we are cheating on the numbers reporting? my... — read more
Topics regarding layoffs at Hertz
ZGM of Northpac is terrible! Haven’t they learned their lesson of being the worst area? They fired him once and then they decide the second time should be better? Stay in the garbage can Northpac.
Reuters - Hertz has secured bankruptcy court approval of its 2021 incentive plan, which offers executives up to $12 million in bonuses if they meet certain financial goals and bankruptcy-related deadlines. S. Bankruptcy Judge Mary Walrath in... — read more
The ZVP for the Southwest has a long history of promoting unqualified people within their inner circle so no surpise here. Incompetent people elevate other incompetent people so they look good .
How can Hertz keep running with the poor choices it’s making. I just want the end to come. Watching my employees suffer is too much
I have been in this company long enough to have seen and experienced everything. Because of the way this company is managed, I am surprised that the situation in this company is not even worse than it is now. I find it interesting how they try to... — read more
Lots of talk amongst SMT about company possibly getting bought out. What will that mean or look like? Who would wanna buy a company so deep in debt?
Nearly every week I hear about more people being cut. It's not huge numbers and it's always different departments but it's there. Is this the leadership's new way of doing layoffs? Do it constantly but keep the numbers low enough so that it flies... — read more
As if we are not stressing enough already with everything that's been going on, now it seems the managers have decided to take advantage of the situation and start using fear as the only management tool. Now we have to go through constant threats and... — read more
I'd be out of here so fast if I could find a way to get my name on the layoffs list. But I'm not leaving without a severance. Any way I can guarantee I get it?
Hertz Seeks $12M New Round Of Exec Bonuses In Ch. 11 In a filing Tuesday, the car rental company asked for permission to give performance bonuses to 50 of its top executives
Here we go again the shuffling of the senior managers. Estero picking their favorites to re-assign into new titles. Interesting to see where everyone lands.
It means something but I can't figure it out. Why does hertz have one way rates from the west coast for $10 a day to east. Eh SFO to Orlando.
See only active posts on this board (big blue button)!!!! For new folks here, there is an "ACTIVE" button right above the first thread - you can use it to see what posts had recent replies.
Furlough is the only option, we have about 25 days of cash left BT said not looking good, yes we have a potential funding option but to buy cars and now rental numbers are almost wiped out again, perhaps AB will just use the funding to pay for the... — read more
Hertz is car rental not car sales. Car sales coming back is not a good sign. The need to move more cars to sell and thisis a huge red flag. They are trying to delete as many cars before the final steps of the bankrupcy occurs and the courts take... — read more
I’m so glad to be leaving. Just ticking the days away and not looking back. As the saying goes “if you don’t have anything good to say - don’t say anything at all” - and I'm going to leave it at that when it comes to this company. I just want to... — read more
I guess the company isn't doing to bad, car sales is reopening.
I’ve been gone for a few months and sometimes I miss it. Then I remember how horrible leadership was, how they ran the company into the ground - and I thank my lucky stars I’m not there. My experience with Hertz has been good when it comes to my... — read more
my dad was laid off after 22 years. his boss did not even call him. so much for loyalty.
There comes a time when you have to do what’s best for you and your family. I took the time while on furlough to look for something better because there’s only so much one can wait when you have mouths to feed and your savings is being depleted. So I... — read more
How's holiday demand in your market? These holidays are where Hertz makes it's money in the winter. Demand in california is non existent. How is it in other states?
I wonder what happens to HEL now that we are almost certain about the Brexit no-deal. Will they shut down the office and move to somewhere else? Is it worth to keep an European head office in a ‘no-more-European-Country’?
Many key Sales executives have been laid off. Bob is gone. Do you think the new organization makes any sense?
I left right before the pandemic because I had a better opportunity. Most of the people I am close to have also moved on and I was wondering how things were going? Is it still as bad as I remember it or have things gotten worse? Is leadership still... — read more
Burning it down at the expense of the customer and frontline employees. Morale is low..RM booking to 95% all day with no care. Senior leaders sitting around having their c—tails not working while locations burn.
Just curious on how the C-suite is doing these days. I'm sure there is plenty of pressure with Apollo there now but they will get a fat bonus in early 2021 plus another check once they are bought out. So I guess they need to keep their heads down... — read more
Not really a shocker as there was much speculation this was going to happen. Dollar and/or Thrifty next?
Does anyone think those still loyal to the company have it? I mean it would make sense considering how badly we’ve all been treated, especially frontline workers. How else would you explain such devotion? It can’t be for the pay, everyone knows it’s... — read more
This thread is for info about potential Hertz Global Layoffs 2021? Any news or rumors?
Today makes exactly two years since I've joined Hertz. I can tell you right now that I regretted joining within the first six months, but by now I feel it was probably one of the biggest mistakes in my life. I thought I was leaving my old job for a... — read more
So, what do we think?
Whoever is still employed and singing the company’s praise has got to be in denial. EVERYONE and I mean EVERYONE knows the company is a dumpster fire waiting to be put out. There are two ways this is going to end for those who still remain. You will... — read more
Country shuts down. Bankrupt. Business down 75%. Lost State Farm. Denied stock sales and bonuses from the courts. Oversold fleet. Closed all car sales permanently. Delisted. Business still down 50%. AND HERE COMES ANOTHER SHUT DOWN. (and liquidation... — read more
Screw $500. I don't get all those employees who are cheering that they got a bonus. It would have been better to get a freaking raise. How can anyone be satisfied with it? This is such a sad way to keep the masses happy with breadcrumbs while those... — read more
Bottom feeder (flex reps) are getting a $500.00 bonus guess that was part of the 8 billion.
Too much, obviously. Hertz Global Holdings Secures A $4 Billion Commitment For Fleet Financing To Support A Refreshed And Robust Vehicle... — read more
What is Jef Adamms doing in Europe?
I saw some speculation on this forum that the entire company will be shut down by the middle of next year. On the other hand, I have now checked - Hertz has 1,224 jobs open in the US alone. That doesn’t make much sense to me. I agree that we are... — read more
Hertz Global will be forever discussed in business classrooms from Community College to Harvard on how a terrible management culture can destroy an iconic brand. The Hertz cesspool of favoritism from HLE to AP operations and must we forget the filthy... — read more