Lowe's Cos. Layoffs

Topics regarding layoffs at Lowe's Cos.

Stock Price One Year Later. Up $1.01

Looks like my post last night was removed because of it being truthful. So here it is again. Stock price on 8/22/18 was $107.15. Fast forward to 8/23/19, it's at $108.16.

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Post ID: @10G0mDye

More layoffs?

Are we now doomed to more layoffs each quarter because some might feel the strategy is working? (Even if most of us know it's not?)

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Post ID: @10GtGiXJ

Word of mouth

I'm very grateful for bikers and veterans right now. Once I shared what Lowe's was doing to employees it really hit all the wrong buttons with them. Between the bike shops and the American Legion post 7 individuals and one owner with 4 shops through... —  read more 

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Post ID: @10G3hkgH

Change in operational hours

A lot of talk about the Q2 broadcast. Has anyone seen it? The talk is that by 2020 operational hours will be 40% of payroll instead of 60%. This means Back End, Delivery, and Cash Office will need payroll hours cut. Is this true? Where does it... —  read more 

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Post ID: @10GSKs5s

Was the Q2 results really that good?

Taking a look Lowes comps were really only 2.3% compared to HD at 3%. Sure we beat HD in comps in the US by 0.1% but Lowes Canada must be underperforming since our overall comps were dragged down so much from 3.2 in the US to 2.3 overall. Maybe... —  read more 

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Post ID: @10G7LH7G

Anybody else seeing this in there so called stores

Corporate said they were going to third party assemblers and fsa's so the associates could spend more time with the customers. Last weekend we did not have a grill assembled because we have no assembler, so 3 sales associates are putting a grill... —  read more 

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Post ID: @10FL5aza

Coprorate MST

The corporate degenerates in charge of this program have no idea where their focus needs to be. At some point supporting the teams in the stores needs to be a priority. We all know it never will be.

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Post ID: @10Fy1MPX

This is artificially inflated success

How long do you think this can last? The only thing that is driving these numbers are layoffs. That's it. Does Marvin plan to continue laying off until there is nobody left at the stores just to pump up the numbers? We are losing customers as it is... —  read more 

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Post ID: @10FOAXfn

Check on benefits

Are any of you missing vaca or holiday? Can't be checked the old way when you could see what's left at end of fiscal year. More than a few of missing time left the way it looks now.

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Post ID: @10FZJuRl

Sell it. Sell it all.

Thanks Marv for bringing up the stock price up to where it was a few months ago. To celebrate, tomorrow I am selling all my Lowes shares and purchasing Home Depot stock. Why have a cheap imitator when you can own the real thing?

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Post ID: @10FoROPK

Danger Ahead, Didn't this guy come from J.C. Penny?

Yeah I remember that Marvin guy. Cut all the fat off the workers' backs, reworked the inventory with cheap knock off product to make it look full. Thought giving space for haircuts and coffee would turn things around and make Penny's a... —  read more 

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Post ID: @10EUtDno

Lowes has a HUGE quarter !!

One of the best quarters in over a decade !!! Stock up 12% ........ guess all the change is working.

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Post ID: @10E0Jz5D

Health Insurance Continuation?

With all the BS going on, I am wondering if any posters have experience/insight into the health insurance situation. I'm actively looking for something new, but the insurance question always comes up. Our ASA (good person) is telling me that... —  read more 

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Post ID: @10DqFj2A

The “Agenda”

Plain and simple: Lowe’s is rejecting tenured associates for other job postings either in their own store, or for positions at other stores. Now that the store level HR’s are gone, the mission is clear: deny the applicants with seniority a chance to... —  read more 

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Post ID: @10D7fw5J

The REAL problem with Lowe’s

I’ve been a little disappointed lately with the quality of posts on this site. It seems to be awash in conspiracy theories, wild accusations and just generic griping. I realize that many of you may have circumstances that differ from one store to... —  read more 

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Post ID: @10Dgmlph

Supervisor hourly rate

I'm a supervisor making $24.86 and hour. I was wondering what other supervisors are making?

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Post ID: @10CoulKz

Why is Ellison REALLY at Lowe's?

Marvin Ellison is on the way to transform a good company, Lowe's, into the sewer. He says into a "GREAT" company but his apparent skill as a motivational speaker...which is all he seems to be good at...is overshadowed by what may be his real... —  read more 

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Post ID: @10C9FJgC

The goal is cheap work, not quality work?

To tell you the truth, I’m a little surprised by the amount of people who are shocked by the way the company is treating its workers. They don’t care about the quality of work, they don't care about having employees that are going to give their 110%... —  read more 

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Post ID: @10CK6q9p

I'm a contractor. Goodbye Lowe's.

It's a long time coming. I've given Lowe's ample time to make good and then fail Everytime. I'm a landscaper. I own the business. I have three crews that cover and area of 4 Lowe's stores. A year ago, I decided to open a LAR account and I was... —  read more 

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Post ID: @10B73Fr2

lowes

this ceo is driving it into the ground.and not to mention mean joe.they get a base salary,the stock drops they buy into it,then bam ,it goes up 2.00 dollars they just made 1 million if they bought 500k shares.they are pleasing the shareholders which... —  read more 

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Post ID: @10BdosWV

How’s it been

It’s been three weeks since the store, restrooms etc have been cleaned. I’m sure none of the equipment has been serviced. All the other FSA duties have either been dumped on others or not happening. How many unsatisfied customers have complained due... —  read more 

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Post ID: @10BWT9Vs

"Be who we say we are"-Lol just kidding

This company gives guiding principals to its employees, but Marvin feels free to abandon them to steal a few scheckels for his hedge fund masters. Sad.

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Post ID: @10A9gNmp

This is what stupid people think.

He is responsible for every single decision made by a $70 billion company and is accountable to the board of directors. What do you think that’s worth? From another section here.

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Post ID: @10zqlgHS

Home Depot Recruitment

Home Depot was on my store recruiting the sales specialist, offering to match what they were making before Marvin took away their allowance. Several have already set up interviews, looks like more out the door at my store!

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Post ID: @10zVBSbG

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