All, Essilor corporate employees (Dallas) post here as you hear about or see layoffs. I am reading and hearing about lots of roomers and news being communicated publically.....I'm expecting something major to happen across IT, Supply Chain, Marketing, Finance, and likely executives sometime in October or November. For those that survive it will come down to where the future Essilor /Luxottica America HQ will be. Lot of uncertainty is spinning around.....best of luck to all.
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Scanning the list of the positions impacted along with the demographics, it's predominantly employees over 50 (in a MUCH larger percentage of the layoff population relative to the age distribution of the entire employee base). On one hand this makes sense as those are generally better paid positions, so there's more "savings". But Essilor in its wisdom does not account for the loss of knowledge and continuity.
Those over 40 got a different severance package then those under 40. You were rushed in and out so that they could "process" everyone and stay on schedule. Minimal opportunity to ask questions, you were given a folder and told to read it. Marched out of the building like a criminal without any of your personal possessions other than car keys.
It should come as no surprise that the layoffs (to the extent that I am aware) is limited to only Americans with no French staff impacted.
The complete and total mismanagement of ELOA is the root cause. The multi-million dollar financial losses had to be made up somewhere. Rather than improve operations, they cut critical staff including lab partners, which will only make the entire ELOA debacle that much worse.
The word is out and if Hoya isn't circling the sinking ship yet, they should be.
I was wacked in the first major purge in 2018 and now understand I was lucky.
The corporate culture has disintegrated as old line Execs reap massive bonuses and stock options while hiring in younger “Millenials” at reduced compensation. This is to meet the demands of the merger partner Luxottica to reduce costs
Frankly, Leadership is in disarray trying to comply by purging the line organization rather than looking at Exec comp
The company EssilorLuxottica still has no CEO due to dog fights between H. Sagnieres and L. Del V I was wacked in the first major purge in 2018 and now understand I was lucky.
The corporate culture has disintegrated as old line Execs reap massive bonuses and stock options
Still no global CEO due to dog fighting between Sagnieres or ESSILOR and Del Vecchio of Luxottica.
IMO, There won’t be ANY stability until that is resolved, or they both retire or just die.
The company is in total disarray.
Major round of layoffs happening today in EOA. Good luck going forward to those who make it.