Thread regarding Bose layoffs

Will things ever improve?

I know these are some bad times for the company and even more for the employees, but I have been here for a long time and I know that things always settle down and improve to a certain degree.
I figure the easiest thing at this point is to leave, as many have done, but when all the sh-t is put to the side I actually like my job. Any chance that things will get better eventually, or do we really have to make peace with the fact that this company isn’t what it used to be?

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Post ID: @OP+1h74wizp

9 replies (most recent on top)

Bose management is just extracting assets before selling off the brand. Not clear how they're doing this since Bose is a private company and, at the time I left, wasn't borrowing money. But that IS the modus operandi of managers from Bain and McKinsey.

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Post ID: @3jra+1h74wizp

It seems odd that they double down on areas where we are loosing and sell off, divest, or ignore areas where we are winning or have a clearer way to win. Its usually the opposite, invest where you clearly can win. In any case, time and money is running out day by day‚Ķ so these investments and partnerships have to work. If they don’t, the names and titles of those responsible for this vision are at least fairly clear now and I imagine they are as nervous as all the remaining worker bees about the outcome.

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Post ID: @3eum+1h74wizp

I think a good thought- we are selling assets, plants, offices, divisions all are good ideas (for cash infusion) but at the end of the day if you are not making money eventually the issue will come to a head. We keep drowning but we never learned to swim. Selling PRO and Military is very concerning.

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Post ID: @3tjw+1h74wizp

Same for friends and acquaintances in South Carolina 7 years ago, "BLYTHEWOOD, SC - Bose Corporation says it is closing its facility in Blythewood. All jobs will be eliminated. According to a news release sent by the company, operations at the Blythewood plant will continue until September 2015, but the workforce will be reduced and the work will transfer to other Bose facilities."

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Post ID: @2ite+1h74wizp

Agree with the last post and for those tracking history - 7 years ago - "It was announced yesterday that Bose will close its plant in Carrickmacross, Co. Monaghan in April 2015. The announcement has come as a shock to its staff and their families."

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Post ID: @2ase+1h74wizp

Original post, "I have been here for a long time and I know that things always settle down and improve to a certain degree" - the present run of 1000's of dedicated employees fired and annual loss after loss has easily gone on for 5 years now, 6-7 years depending on one how one counts. For instance, Mexico and Malaysia factories sold, along with most of the Bose employees "sold" or fired, 6 years ago.

One has to ask, have you ever seen this long of a downward spiral in Bose history?
Is "settling down and improve" to a stable and good place to be even a real possibility?
Or is it just "settling" into more regrets for one's career path and compensation?

Fairly long term at Bose, now an Ex and profiting from it both in accelerated career path growth, compensation, and -truly- wanting to get to work every day.

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Post ID: @2sqm+1h74wizp

With confidence, Bose will never recover. There are some fantastic companies in the area. It’s not hard to find another opportunity that you will enjoy with great people. Also, we know Bose salaries are below industry standard. Levels.fyi site gives a great view of major tech companies by position and experience level. Also includes a view of sign on bonus, annual bonus and equity. I think folks will be SHOCKED to see what top companies are paying. I know I was.

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Post ID: @2syo+1h74wizp

It’s up to you if you would like to stay until the end. Bose will never be what it was a few years ago. That’s over! But there is a dream that it could become something else.
All of us like what we do and the people we work with, staying is a choice. It’s familiar and comfortable.
If you feel that you need a change, leaving might be a good thing. You could get better benefits and compensation. You know there will be more layoffs in a near future.
Do what you think it’s best for you. One of the best things about Bose is the people, but most of them are long gone.

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Post ID: @1cmy+1h74wizp

I think that Bose's best years are behind us. If you look at what our competition is doing to move the needle, we're not there. It becomes increasingly difficult to justify being at a place that has constant layoffs, a diminishing product portfolio, and an ever-reducing market share.

I too love my job and the people that I work with - but it's not worth it to still be here if/when the company goes under.

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Post ID: @suh+1h74wizp

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