Topics regarding layoffs at Inc.

Topics regarding layoffs at Inc.

60 Layoffs

60 Layoffs, of good productive employees, many being with Overstock for over 10 years. CEO stated during a company meeting 'you are not promised a job here. No upper management was laid off or let go, they actually hired more C-level executives who... — read more 

| 2598 views | | 5 replies (last February 15, 2023)
Post ID: @OP+1iKuqlTF

executive responsibility

Let me guess - not a single high level executive is actually going to be considered responsible for completely failing to understand the reality of the world we live in...Maybe they need to hire more vice presidents and not give anyone raises while... — read more 

| 1787 views | | 2 replies (last February 2, 2023)
Post ID: @OP+1iG2IVeC

60 cut today.

60 employees have been cut today. They just successfully hired new C level management. They brag about multi quarter profits looks like there will be another profitable quarter now they potentionally ruined others lives.

| 1134 views | | 1 reply (September 13, 2022)
Post ID: @OP+1iG5TOTs

Another layoff

We all saw it coming. Another set of layoffs. This is only the beginning though before they move their SLC warehouse to Reno to appeal to their California market for 1 day shipping. (Despite california being able to ship to Utah within a single day... — read more 

| 2121 views | | no replies yet
Post ID: @OP+13v7dqOg

Called it

Well all. If you haven't been following the news of nutcase Patrick Byrne, everyone said this was a failing company and to run. Paytrick showed his true colors and how mentaly unstable his is. He alone financially set the company on a path of... — read more 

| 1939 views | | 1 reply (January 14, 2020)
Post ID: @OP+12Ju22AW

Run for the hills!!!

OVERSTOCK IS ON ROUND 5 OF LAYOFFS!! Having worked there, I can assure you they DO NOT care about the employees. The first layoff was to supposed save $4 million dollars in expenses. Below will show that they have done anything but that. IF YOU HAVE... — read more 

The layoffs did happen

The layoffs did happen. Patrick did not say that the company is screwed because of GSR. The massive drop over the last year is because people tied overstock to bitcoin. If you look at the stocks before Sept '18, it's about the same as it is now. Not... — read more 

| 2100 views | | 1 reply (February 1, 2019)
Post ID: @OP+Xg1cSUA

January 2017 layoffs

I haven't heard specifics as to level of management, but I was told 30-ish people were fired, with more layoffs coming. This company is the most mis-managed of any I've worked for. Erratic hiring and firing practices. No security for anyone, really... — read more 

| 2873 views | | 3 replies (last January 11, 2017)
Post ID: @OP+LbW5Eii

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