Thread regarding Lowe's Cos. layoffs

Cuts are coming ...

They just have to much information leak before the time, those leaks affecting the stocks price plus the bad performance on sales. for now the company control one more uncontrollable expense , Lowe's deliveries.

Insurance , maintenance, and the overtime for deliveries, now the switch to third parties deliveries starting august 19th /2017. The specialist still part of the plan but the going to wait until no one talks more about that...

Lowe's CEO and executives are cold blood liars. 2018 the step 5 on their plan is cuts on all executives bonus program, add millions of dollars to the bottom line with one move, Lowe's selling the private jets and now Niblock is going to travel economy class ., add millions of dollar to the bottom line also. no more allocation benefits for corporate executives, the money is going to be used for more partime seasonal csa's on every store. LOL .

Niblock is typical the blood s---er CEO he is going to sink a great company , time to wake up share holders, companies needs to evolve and part of that requires not to have same person on command for to much time. EVOLVE and bring new ideas to grow and expand , cuts cuts , more cuts is just make the numbers look favorable to share holders.

Time to real visionaries not more people who knows how to make up the books

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Post ID: @OP+OMPYwqm

6 replies (most recent on top)

Now they will let specialists know week of 7/18 how they will be held responsible to hit all sales requirements if you miss your requirements 1time it’s a talk miss it again it’s a warning miss a 3 rd time your let go for none performance,now remind you you have 5 to 6 category s to keep up now the best part they of course will offer you a job at less pay maybe which will keep you from drawing unemployment. And less pay is what it is all about. Any one else heard this.

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Post ID: @5nqmh+OMPYwqm

Service managers in my market didn't go around talking to anyone that's a specialist. We're not part of the Store Manager need to know circle. They keep us in the dark.

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Post ID: @7rss+OMPYwqm

I Believe in one thing Lowes needs to do is make the Hardware / Tool / and Lumber Dept's together in one area so that customers and professionals don't have to run all over the store to buy what they need for doing there jobs. Also have sale person there to help people. Not doing IRP's / stocking /Zoning and ect. When store is open for business. Just my opinion. Go back to old school stores. Mom and Pop had the right idea. Commercial way never works and people are tired of commercializing ways.

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Post ID: @1hiv+OMPYwqm

Service managers were around to talk to the specialists today. They won't say much other than the changes have them with more time for selling. Perhaps they are only going to be scheduled when the store is open leaving other associates to put away freight and clean up the department.

I'ts clear that Lowes is going nowhere good quickly. They have become fixated on beating Amazon.

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Post ID: @1axa+OMPYwqm

Sell Lowes Stock by Aug 23rd, Wall street is going to "Short" Lowes and the stock will not do well,

Just sayin...

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Post ID: @adn+OMPYwqm

Yes, time will tell

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Post ID: @fdu+OMPYwqm

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