Thread regarding Dick's Sporting Goods Inc. layoffs

More to come

Don't get too comfortable, this is far from over. Now that the layoffs floodgates are open, don't expect them to stop any time soon. If you are smart, you'll start looking for a new job right now. Nobody is safe here anymore...

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Post ID: @OP+15iZoDxh

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Based on their LinkedIn postings, it was about 10 days ago. It was 2-3 weeks after the layoffs in IT and at stores. This batch looked like it was more in the UX and design areas.

A friend works in HR at BNY Mellon and said that if you keep layoffs under a certain percent, you don't have to publicly mention the layoffs. PNC does this a lot. They lay people off all the time but it's a slow bleed and doesn't attract attention.

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Post ID: @mrny+15iZoDxh

Looks like I was wrong. Another batch of layoffs in June just happened.

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Post ID: @kumq+15iZoDxh

If I had to guess, the recent layoff was a result of the quarterly earnings reports being compiled and the associated number crunching. If there are going to be more layoffs, they'll happen in 3 months when 2nd quarter results are out. That will be May, June, July. I imagine those numbers won't be that bad, considering most of the stores are opening again and summer numbers typically aren't that high.

So probably the next layoff will be after they compile the results for the year. DKS is using Feb 1 to Jan 31 as its fiscal year, so that means mid-March/early-April. That was typically when people got fired when I worked there too.

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Post ID: @1hyo+15iZoDxh

Is that based on factual information or are you just assuming?

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Post ID: @tbk+15iZoDxh

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