More layoffs are inevitable. Field management being called in for emergency meetings right now.
Stock tanking after this mornings results announcement. This ship is now below the waterline!!!! Jump Forest jump!!!!
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No sales and competition beating, must cut or close
VP's in the field now making cuts to save on payroll. Targets are the tenured DM's who make too much money and replacing with store GM's. Apparently could not cut enough store hours to make payroll work. Ever heard the saying that "sales cure all"? Oh wait....the sales guys are too busy doing reports in salesfarce so that the data will drive sales. Keep telling yourself that. Might want to try clicking your heels three times while saying "There's no place like Amazon".
Ive been gone from the company for a few years now...best thing ever!!!! Its thier cycle...make people do what work you can get them to do...then have work that needs done yet, but lay off the 500 or so people that know how to get it done, then corporate don't communicate, no one knows whats up...b---s--- for a couple years, change a ceo or upper echelon then someone says i know! Lets do some layoffs..thatll do the trick...and it starts over again...
There is a strange feeling in the air at the Roanoke campus. Everyone seems to be looking over their shoulder as if who is next to go. Something is coming.
I keep hearing layoffs..... how about this you don't hire these overpaid Region VP positions and keep the stores running with staff. When it all boils down the CQ merger was the single biggest mistake. I'm glad I seen the writing and got out before it really hit the fan. And by the way when I turned my notice in they offered me a $10k raise. They don't take care of their employees but when you say I'm going to a competitor then they try and sweet talk you. I have a ton of friends still there and fear for their futures.
Region 27 meetings next week, look for more layoffs and job loss.....
More than likely if field leadership is called into meetings, cuts will be at the store level with hours, expenses, extra payroll, stores to close, etc. I wouldn't think these meetings to include field people such as CAMS and other field people since those were cuts already made by corporate without field leadership meetings prior. They may be called in to "rate" people, but any cuts like they just had would come from HR corp without any final input from field leaders who might be getting "rated" by their superiors as well...all the way to the top.
Meetings are underway for next round of cutbacks. CAM's and CSM's are likely targets.
What other meetings are going on? What areas?
Sales go down => cut costs => lay off the people doing the work => sales go down . . . . . .
It's called a death spiral.
Meetings underway today regarding deployment of the next round of cuts. I'm at one in Chicago.
22% plunge in stock price= MASSIVE layoffs incoming.
AAP is reactive vs proactive and deserves what happens