My friend said the consultant that comes every time we do layoffs was at the HQ last week - she asked her boss and he said yes more layoffs coming
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Layoffs in Richardson in leathers sourcing team & Pulse Time in Asia. Not to far off from June 5th.
Iceberg dead ahead!
There were some layoffs in APAC and Europe. Not yet in Richardson but a LOT of people are leaving on their own.
The "truth" about both of those individuals is that they did not get the jobs described. So there's misinformation there (nice try at "truth). And I'm fine with actual true things. Had it been true, I would have been happy for them. I'm happy for anyone that get's away from Fossil for that matter. The other person who recently departed was only a symptom of a deeply ill system. The problems go to the core of Fossil's culture. You think they brought that guy in and didn't know what he would do? Fossil pursues their bottom line. Any company does, but they were willing to skirt the law to do it. Just because some of you are still so invested either emotionally or monetarily in that broken system you can't see what's happening. I wish only the best for all of the folks there and wishing that they would see the issues that place has is part of that.
Stop posting names!!!! Reading, it's FUNdamental!
Hey Mr. Truth.... what is that stock price today?
Administrators deleted all messages that had names and other personal info - I reported it. Just read the rules, the site does not allow any personally identifiable information to be posted - it's not fair, you would not like your name to be discussed in an open forum, so let's have some respect towards others, no matter how much we disliked them as professionals.
Señor Truth is showing us what fear looks like, folks. His presence here is a result of a Google search on "fossil layoffs", you Google that on a Fossil workstation (that's a policy violation, not that there's anyone left downstairs smart enough to know how to flag that). So you know he's worried. Just know that we're here for you when the reality sets in and you get called to Snap, Crackle or Pop and get your walking papers.
The Truth is none of you on here are presently employed at Fossil, you are ex disgruntled employees who want to spread false gossip to try and hurt your former co-workers. The people still here are rooting for company success. Ask yourself why do you want all of these people to lose their jobs? If you are so happy in new jobs why continue to do this? Please leave Fossil alone and move on with your lives.
I now hope Fossil fails because Mr. Truth is such a douche!
Mr. Truth, I think what you are missing here is the possibility that perhaps people are concerned about their own jobs, not that they are "piss ants". Could it not just be an individual who is truly concerned that come the first of June they might not have a job anymore? For some people that is a very scary thought, not everyone at Fossil has had their pockets as well padded as those in "charge".
And honestly it doesn't take a rocket scientist to look at the financials and compare them to past years and see that things are in a pretty rough situation right now. When a company is downgraded as many times as Fossil has been in the recent months and "refinances" their debt in the way that Fossil did according to the Quarterly Report it speaks volumes about the financial situation and you are living in a dream world if you think that it does not. Not everything is sunshine and rainbows and not all leprechauns have gold shooting out of their a**es so perhaps Mr. Truth you need to take off your Rose-Colored glasses and have another look around.
I guess the first question I have it, who is the actual troll here? The lackey who is still s---ling the Fossil teat or the people who are just on a random little read page on the internet speaking truth? My rooting for the company's failure has more to do with my concern for the people who work there under a leadership structure that has squandered their business in the name of "wearable" doo-dads. Certainly, there is no hatred. Calling idiocy out, isn't hatred. And who is this that speaks of trustworthiness in the defense of a company that knowingly violated the law in order to outsource an IT department that jumped through it's own a-- daily to meet the needs of it's user community? Get a f*cking grip.
Leopards don't change their spots, so seeing the stock continue off in to the abyss and knowing what we know about past behavior, it's pretty easy to see what's going on internally. It's called inference. It's a good word, work it into your next rant.
Question: Will Fossil's stock price go down to $10?
Magic 8-Ball Answer: "You May Rely On It".
So you mean to tell us that you walked around the office and it was like a tomb, where do you work? It is far from it. And somebody told you there is only 2 months of payroll left in the bank, Really? Who do you know that is high enough in the company to have this information, and why would he risk telling a piss ant like yourself this because he would certainly lose his job if it got out, and of course obviously you would not be trustworthy enough to keep it to yourself as you have just displayed.
Just tell the truth, you are a former employee that has no idea on what is going on at Fossil other than watching the stock price...wow impressive.
When will you guys quit rooting for the company's failure, do you really hate everyone that is still with the company that much.
Go away you little trolls.
Walked around the office, this place is like a tomb now. Rumor is that the company only has 2 more months of payroll left in the bank. Any truth to this?
The spiral continues apace
"Good luck with your layoffs, alright, I hope your firings go really, really well." - Peter Gibbons.