Bose has not been a good company to work for years. Things have been deteriorating in every aspect, particularly the company culture. Now we have to deal with toxicity and abuse every day and nobody cares and nobody is doing anything about it. If I were to be laid off with severance, I'd welcome it.
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I got laid off after sleep buds recall - a big cross company layoff and had been there 16 years - so severance was awesome. Got a new job stat and look back on the end of Bose as a good thing. I was luckily given 3 weeks to find a job, so I basically packed up my Boston landing office, the day I got the layoff, and never went back to BL. Just WFH getting myself ready for interviews.
You should be changing jobs by now. Pay outside is so good that you won't care about severance in bose
If the holiday sales dont pick up in November/December then most would guess another round will be required before the close of the FY. Even with the slow hiring and ongoing attrition the profitability still can’t be great and the trend just logically cant be sustained. Even tho it was planned to lose this year the floor doesnt seem to have been confidently found and the trend reversed. What is left to cut tho? Another product category? marketing/sales? All bonus and incentives? Travel expenses are ok though, so maybe its not that bad yet?
Is anyone having flashbacks of when it was said “fewer and better products doesnt mean a smaller company”? Sure seems like we are trending way smaller… and appears to be trending lower by the day. Now there are fewer products while the market is voting on what is better. Meanwhile sales and any other revenue generating opportunities will see pressure like never before. Maybe the sale of Pro buys another year or two to figure it out? However this story ends, it is going to make for a great case study for all the MBA type consultants.