I understand that the stock is up majorly thanks to the results but let's face it, things could be much better. The main source of my worry is possible layoffs in the future. I don't want to go back to the time when I constantly had to worry about my job. Maybe I'm just being unnecessarily negative, we'll see, I guess.
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Stock is sh-t. So many 401k s going down the drain here. Take my advice and switch to cut your losses.
Stock is lower than it ever was. The bigger it got, the harder it fell. The decline is way worse than any of the competitors, I am sensing bankruptcy sometime in the next one year. Inflation and recession have ripped a new one for the great bullseye!
Recipe for disaster.
Add in 100 or so new hires each month into every building.
Lack of training, lack of equipment, lack of leadership means the vast majority are working at roughly 60-70%.
Continue to raise wages, thus overpaying everyone for mediocre performance.
End result will hit the bottom line, ie stock prices.
Thus, forced building closures.
Stock is up, but hiring has been out of control, at least at the DC level. This has resulted in low wage increases, because there isn’t enough work to go around to meet performance metrics. The bonus that was announced was an absolute joke, they paid higher sign on bonuses to all the new hires that led to this mess. There will be no way out except through layoffs, because even with as over staffed as most teams are, they still continue to hire. Those that are worth keeping will soon get fed up with the lost hours and find other jobs, leaving an even bigger mess. I wouldn’t be surprised if they don’t start closing/consolidating buildings to cut back on payroll/benefits.