Was not expecting this news today! Who else got an email? I wonder what the offer will be… and if this is a precursor to another layoff?!
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If all the people whining about "woke" retired, the company would be much better off. Racism and misogyny are not successful corporate strategies any more.
Yes, I'm taking the VERO. Lila was clearly the wrong choice to succeed Bob Maresca and Phil Hess. She has no experience or expertise in the consumer audio space, and her so-called expertise in eCommerce hasn't improved the drab, colorless website. Definitely woke, the website only shows 20-something minorities while ignoring the demographic with the most disposable income. Products have moved away from full fidelity down to tiny mono products with poor imaging and little bass. No wonder sales are down and falling.
Lila is a woke nutcase phony - the d-mb a--hole fu---d BOSE over.
Product plans are years behind the competition. Talent is either gone, leaving or laid off. Whatever meager financial benefit is seen from these moves, I see only years of struggles ahead. The brand has equity, but it will be squandered with quick “me too” JDM products in the next few years. Thats just enough time for the execs to claim some modest win, earn their parachutes and move to their next rodeo before the next cycle of decline starts. Hey, Remember when Lila said that the changes didn’t mean a smaller company? Probably should have asked for some more detail around that comment… cause lots of things are much smaller now.
Take it.
This is the third Bose vero. There are still plenty of eligible employees.
It could be a precurser to large cost of living adjustments. Reducing the pension liability first.
Yes, it is a precursor to an impending layoff. Let those who want out, get out. We'll have to see what is more lucrative... walking out unescorted or being told to leave with a package (not just the box of cr-p from the desk).
The company is going to become nothing but executives and Directors that work with JDM/CM to keep jumping out routine products. There will be advanced engineering that will sell their developments. The only question is; how long are customers willing to believe "Bose is better".. which took Dr Bose 50yrs to prove.
Dr Bose was correct in an interview when asked: What do you think will happen to the company when you're gone? Answer: Mediocrity
“Expect more change as we move forward” Bose CEO, 8/2/2023
I would expect big changes based on her all-company presentation….
I'm surprised there are enough employees left in that demographic for them to offer it. Definitely a precursor to more reductions.