Thread regarding Dick's Sporting Goods Inc. layoffs

What's the point?

What's the point of laying somebody off and immediately posting their position as available for hire? I'd understand if I was a top earner, but I'm in the middle of the pack. There are so many people who earn more than I did and they are still employed. So why do it? I'm genuinely curious.

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Post ID: @OP+15EW36Kb

4 replies (most recent on top)

THE ANSWER HERE IS a SAD but obvious ploy to eliminate long term older people and / or higher paid people... and in my department primarily men over 40. The sad part is to get it under the cover of Covid 19 as well as under cover of age discrimination and wrongful termination, they had to also select other innocent bystanders that were under that magical age of lower income people. You were not part of the managements "inner circle" and sadly I was one of the others. In my particular department ... the jobs that were "eliminated" are posted again . . . I doubt this is "technically" OK, but they have always done business in an unethical way. I know that I have decided that I will no longer do business with them and will encourage my friends and family away from the local d—s and all I can across the country. They will ultimately reap what they sow as this type of leadership and disrespectful behavior is always ultimately reflected to customers as well.

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Post ID: @5yck+15EW36Kb

Ha. That didn't work either. Just google "David Swartz sporting goods" for the link I was talking about.

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Post ID: @3hrs+15EW36Kb

URL in my previous post was mangled because of the name of the company could be considered a bad word. Here is one with a URL shortener: https://example.com/yb5tbofy

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Post ID: @3oja+15EW36Kb

d—s did not see a future for you at the company. It could be for any number of reasons. It could be as simple as someone in senior management didn't like you. Don't worry, you're in good company. I believe d—s did us a favor by laying us off. d—s is in trouble. This article sums it up: https://finance.yahoo.com/news/d—s-sporting-goods-faces-a-big-problem-170913054.html

So you weren't likely to retire from d—s anyway. d—s will be unrecognizable from its current form in 5 years and may not even exist. COVID has accelerated the death of brick and mortar retail. Not good for a business with ~900 brick and mortar locations. And d—s doesn't have any competitive advantage in eCommerce since competitors do eCommerce just as good or better than d—s does at cheaper prices and free shipping.

I think the smart money is shorting DKS.

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Post ID: @bdv+15EW36Kb

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