The Bose strategy of providing specifications for partners and contractors to implement is not work so well for Boeing and its partner Spirit!
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Just wait, I’m calling it now. Austin TX will get an office so Raza and all the people he hired won’t have to commute. Hahahaa. That will save a ton of money. All while he shuts down all DCs. Total McKinsey playbook.
Rather than focusing on the current CEO, think about the former President and CEO. Chairman of the Board since 2013. Plus the President and COO also predates the current CEO and material to the decade of history to this point. Both have 30+ years at Bose.
One starting point is that mid-4-digits of employees were fired in the 3-4 years after Dr. Bose passed in 2013. Sure, some high numbers were pushed out along with various Bose asset sales, including all Bose factories. But, no longer Bose employees, gone. Year after year like clockwork since 2017, the firings continued, easily totaling high-3-digits some years.
Recall - the state-of-the-art Bose Malaysia factory built front from the ground up in 2013 and sold in 2016 at a loss? Also, Ireland, Columbia US, and Mexico plants sold off in the same timeframe? Project Sound sold off in 2017 after double-digit millions invested since the 1980s and no automotive products ever produced? Over a hundred Bose retail stores closed in early 2020 with all those employees let go - in stores and the corporate functions? And much more predating the current CEO.
Fact, 10 years in a row for one or more firing events during the year. This year, "3rd VERO acceptances did not lead to enough reductions" (it never has), continued firings certain, again.
The CEO is a McKinsey alumni. This is what they are indoctrinated to do. Bose will continue to be stripped down until it's run as efficiently as possible. Less overhead, more profit. Period.
Workers are a an expense, a resource, a liability. This is how they are trained to think. Dr. Bose was invested in his people. The machines in charge are not.
Perhaps it's time to unionize. Shout it from the rooftop.
Given all that extra room being freed up at HQ why don't the woketards convert offices and useless meeting rooms to spaces for illegal aliens? All we hear is virtue signaling - back up that bulls__t with concrete measures ... oh wait they could move HQ to a closed mcdonalds and sell the goofty wave radio-shaped monolith for extra veep bonuses!
Of course not. They said HQ will continue to shrink, they will be hiring regional talent and focusing on partnerships. They're trying to make Bose a brand that provides specifications for partners and contractors to implement. Then they slap a Bose label on it and take most of the margin on sales. Way cheaper and more profitable than doing it with all your employees.
Profit sharing is a lost less risky for the business then doing all the work yourself. Partnerships means Bose doesn't have to hire, train, and retain talent themselves. Engineering and support roles are expensive in the US and the global talent pool is more than capable of picking up the majority of the in-house employees will gradually be shifted to APAC. They're ramping up now and when a sufficient enough amount of knowledge has transferred they'll continue to reduce headcounts in more expensive countries.
What's insulting is that they won't just be transparent about this and mask the future plans with vague empty words like "transformation" and "messy middle". They communicate with the employees as if we're stupid and can't see through the BS. If someone asks a real question they either dodge it with meaningless fancy sounding words or say that it's not appropriate for a large forum when it's an obvious question EVERYBODY wants to know the answer to. "Should I look for a new job?" and "How are you deciding who to lay off?" are questions every single worker wants an open honest answer to. Then they have the gumption to lie even further and say their door is always open if you want to chat. I'm starting to wonder if they have executive training seminars where they practice this language.
Honestly, the US and European employees should all just walk out to disrupt the selling season as much as possible. Obviously that's not going to happen because workers in the US have no power and we all need health insurance. But the strongest message we could send is to force their hand and make them scramble to make all the changes they already have planned for the next year in the next month.
Perhaps it's time to unionized.
For now being the annual cycle of lay offs sure LOL- it seems like they are really trying to get smaller and smaller.
There is so little left- Automotive- I'm calling it - your the next asset to be harvested.
For now meaning until Feb/ March, probably. They’re rolling out an “office and hiring strategy” in new cities across the US which will almost certainly reduce some roles in HQ and replace them in the cities they want to hire in.
Only when the veeps get their 100's of thousands secured for warming chairs and regurgitating bull***t.