Please pay attention, things are getting worse and worse, just look at the numbers. The executive lineup is sticking their heads in the sand and this will not end well for the worker. You need to look into the dynamics in the marketplace and you'll see this is beyond Fossil - the industry is having a strategic shift so - please be ready.
I know this is easier said than done but you can do a few things:
get your resume ready
update your LinkedIn
network, network, network
your job #1 should be finding a new job.
Good luck to all.