Thread regarding KB Home layoffs

KB homes layoffs due to coronavirus

Do you expect massive layoffs due to the general slowdown in the economy.

I saw an article saying there was a 90% dip in construction and sales in China when the virus hit.

Is it OK to assume we'll suffer the same?

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| 2920 views | | 8 replies (last )
Post ID: @OP+141AXoWK

8 replies (most recent on top)

The once booming Texas market is now getting laid off at an alarming pace including executive managers. This is only the first round. Brace yourself for more after quarterly financials are completed.

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Post ID: @Wvrl+141AXoWK

Layoffs have started in Las Vegas as well.

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Post ID: @Ucoe+141AXoWK

Yes. KB Home layed off a lot of staff in Denver due to lack of sales beginning May.

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Post ID: @Ukdg+141AXoWK

Layoffs are happening at the division level as well as corporate office and their centralized accounting center. Layoffs started happening on May 9th after financials and forecasts were submitted to the corporate office

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Post ID: @Tifr+141AXoWK

Hearing 60% layoffs today

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Post ID: @Qowu+141AXoWK

I am sure many parts of the economy will bounce back as we open up.

I would not be a pessimist.

good luck

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Post ID: @Prpa+141AXoWK

3 million layoffs last week.

probably 3 more this week.

we will see 10 to 20 million people lose jobs.

residential construction will be hurt, a lot.

all of this will call for layoffs.

not good, at all.

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Post ID: @ayne+141AXoWK

Shares went up 4% today - stronger-than-expected quarterly earnings.

The company earned 63 cents per share in its fiscal first quarter, beating consensus estimates by 18c. That's darn good.

A 31% jump in orders
A 28% increase in deliveries

2020 guidance was pulled due to the uncertainty surrounding the coronavirus pandemic.

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Post ID: @axbo+141AXoWK

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