There's a reason they asked us to take lump sum payments for the pensions several years ago. (I'm a former employee since 2010 - never looked back!)
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I worry about the pension of course, but Bose hasn't been Bose in 10 years
Nah they gone, every product flops. Come on qc45 is a recycled product because 700 was a fail. Frames are meh, headphones are bad, and Sonos is ki----g us in eco2. So I can’t wait to see the “next big thing” maybe they will recycle and make the acoustic wave again
"Smaller and less" is in stark contrast to the Maresca policy of trying for constant growth and expansion. It was inevitable that this would require massive layoffs and contractions eventually. The cycle of too-rapid expansion followed by layoffs was business as usual for many years. In one post-layoff-explanation-and-excuse-making assembly in the CC aud, after too much expansion led to yet another large layoff, an employee asked Bob if he would do the same thing again (too much expansion), knowing it would lead to layoffs, and he said, yes he would.
At least he was being honest. Coleman would have deflected such a question with condescending put-downs and scolding.
Why would anyone think "it's over"? Bose has not found the bottom yet after years of trying. This is clear from CEO Lila's "smaller and less" direction for the company. It's likely that for the balance of this year, the continuing reductions will not be the big visible and announced ones, that seem to appear annually for some time now. But, make no mistake, localized and significant reductions will continue to add up. Just like was going on last year that led into this recent "big one". Yes, move along, tremendous companies await you. Speaking from experience.
Finally. I'm leaving Bose to a competitor. Got a good pay (way better than Bose).
Good Luck guys.
I'm recommending better look for opportunities outside. Good package
There will be another round of layoffs coming up. I'm talking from a software team's perspective. Too many people working on one product called smalls. I can easily see there is one more round coming up when smalls is done. Especially with CEOs vision of go far with fewer products.
Doubtful that they "wanted to get rid of" anybody. More like they are struggling to get on a secure financial footing and they need to make cuts to live another day. Sadly this has a been a regular thing for a few years, and probably won't stop until they reach an equilibrium with products that bring in enough money built at a sustainable cost.
I'm assuming they got rid of everybody they wanted to get rid of a few weeks ago?