Here they go again. Sending out a mass email saying that some people were being promoted and then they fire a ton of them.
Topics regarding layoffs at Overstock.com Inc.
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. 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
Overstock.com laid off over 100 people today, as well as 1/3 of all Mac Warehouse employees. They also canceled all raises, all bonuses, and announced internally that they're screwed if a Chinese investor doesn't come through. Yikes.
I have it on good authority that a buyer has been found for the e-commerce business at pennies on the dollar. Big cuts coming to appease the new owner. What are others in the coliseum hearing?
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
Anyone have info on the Jan 2017 layoffs? Heard a rumor a bunch of mid and high level mgrs are available for hire.
Now, you need to watch your back - good luck to all
They have been laying off small groups of people recently. Last week it was 30+ people.