downgraded today, the banks are expecting that things will get bad from here. things are slowing down big time and now the question is how much of an impact this has. it'd expect that we will move and tighten the belt quite a bit, not sure what kind... — read more
Lennar! Tyson is in your midst and your future
https://x.com/WallStreetSilv/status/1768791628649574619?s=20
Upper Management
Upper management have no clue what they are doing, just start applying around ~8 months after they're fired. Great perks, company, etc. over all -- just management from Tyson foods has no clue what they're doing here.
Pushed out to PWC
20% of their tech folks were just let go. Another 78 or so people were pushed to accept an offer from PWC to change to consultants and keep working in their same roles until June. I suspect its all about making the books look good and keeping... — read more
As rates drop
the stock goes through the roof - no layoffs and we hire a lot.
2023 Layoff @ Lennar
Lennar Mortgage laid off 115 January 6, 2023 which appeared to be done to increase their stock price and confidence with shareholders which did increase share price. Tons of women, people who had disabilities and women over 40 laid off. Two weeks... — read more
Atlanta division laid off Jan 12-13
LENNAR Atlanta laid off approx 20% of mid- mid-senior levels across the board, including Area Sales Manager, multiple Construction Managers and New Home Consultants. Small severance package. Director of Construction Stated it was due to 20%... — read more
Triple Whammy
"The US housing market has been hit by labor shortages, rising costs, and soaring mortgage... — read more
Housing recession
https://thehill.com/policy/finance/overnights/3766226-on-the-money-is-the-housing-recession-upon-us/
Doing well, for now
The earnings report is tomorrow and it will be a good one (unless I'm reading this completely wrong, which I doubt). We are doing great, at least for now. I am worried about a recession, though. Good numbers now will mean nothing in the long run if... — read more
Lennar cuts
I was with Lennar in 2007 when massive cuts were rolled out - I was in Miami and I was let go. I was approaching my 60th birthday so finding new job was very difficult. After 3 years of searching I finally found work and even though my pay is not as... — read more