With all the announced store closings anybody else worried about more layoffs coming our way sometime soon?
Somehow I doubt that cost cutting will stop just at closings, this is Lowe's after all.
I hate that I have to worry about something like this once more ahead of holidays...
How can anyone feel safe in there? Seriously the longer you are there the more likely they are to fire you. This is what Lowe's does. It doesn't care about your experience. Just show you the door for cheaper labor. Use them for the paycheck and find another job.
Agreed...get the hell out of that place
Lowe's is under tremendous pressure from activist investors like DE Shaw and Bill Ackman to improve performance and narrow the gap with HD. They have managed to gain seats on the Board of Directors, force Niblock to retire and bring in Ellison. Since then, we have seen the closing of Orchard, the "51 underperformers" in Canada and the US, and exiting operations in Mexico. Right now, Lowe's is a slave to Wall Street and must take the actions necessary to improve performance. If these moves don't move the needle, more cuts will be necessary.
Lowe's may need to be sold and taken private in order to gain the breathing room (outside of Wall Street scrutiny) to address many of the marketing, logistical, and operational challenges facing the company.
However, before we get there, I believe more US stores will close.
It's Lowe's, stop being lazy and update your resume. If you aren't out looking already you are a fool. Leave on your terms not Lowe's.