The outlook for Fossil is beyond grim as their product demand dwindles in an increasingly digital era. This decline is evident in the company's plummeting stock price, highlighting its struggles to keep pace in a fast-evolving market. Despite hiring A&M consultants to tackle these challenges, they have proven completely ineffective in addressing these issues and continue to show a lack of innovation and an inability to adapt to shifting consumer trends. Consequently, the company finds itself in an impossible situation with its relevance and profitability hanging by a tread.
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Finally better changes in the HR team, hope it works out and they stay.
$35 M in planned 2024 restructuring costs ie Layoffs means anytime my friends!
Sunil has already faced massive criticism for cooking the numbers and avoiding questions. This tactic will not be effective for much longer. Additionally, what actions are the new BOD members taking? It seems like they are sticking to the same old routine without making any progress. A&M are planning huge layoffs in the next few months. The need to downsize significantly and eliminate under performing categories and licenses is a must! #uselessConsultants #patheticBODELTSLT
Long over due with getting those ridiculous VPs that did nothing but spend $$. Sunil knows how to cook up #s to make things look good. Why is he still there??
When?!
Huge layoffs on the way. Very soon. Hopefully all those over lapping VPs will be out since the company had to hire consultants to do what they couldn't figure out. Only hope is that Sunil keeps cooking those numbers.