It was mentioned in one of the previous threads, and I have also been hearing rumors, that there are plans for more departments/groups to be affected by off-shoring/outsourcing in Q3 and Q4. Does anyone have more insight into which departments/groups will be affected in the Richardson corporate office (and any of the other offices)?
4 replies (most recent on top)
@Former Fred already outsourced...offered packages to stay until October....then buh bye to most of Financial services in the Richardson office. #didn'tyouseethewritingonthewallin2019
It’s probably safe to assume “asset-light” means getting rid of more “assets” and keeping the dead weight at the top. I’m basing this on precedent, I don’t really know for sure.
If your job can be outsourced, it’s best to prepare to find a new job...quickly. Nobody will warn you in advance.
Good luck, and thanks for stopping by!
https://finance.yahoo.com/news/fossil-reveals-96-million-loss-224132213.html
The watch and accessories maker revealed quarterly and full-year earnings Wednesday after the market closed, falling short on top and bottom lines for the quarter and logging a $96 million loss for the year.
A quote by Kosta from the Q$2020 Earnings call:
" As we drive our digital agenda, we will also continue to streamline our operations to be more asset-light and efficient. In 2021, we will be moving through the final leg of our New World Fossil 2.0 program. "
What’s the word out there.? What business sections are even possible to do this? I thought once reaching the MVO level, that cutting more will cause more damage than save $$?