The press releases indicating the mass hirings are designed to control the news and cover up for the mass layoffs.
The vast bulk of their supposed "hiring" accounts for the usual seasonal temp help they hire, and layoff, every year.
Ellison and crew hope you won't read beyond the headlines.
Posted by @X1RLL26-kjd, bumped in hopes more people will read and realize this.
All Lowes knows is lies , deceipt, and manipulations, and force. They are the modern day Stalin.
Depending on what your 401k invests in, you might be alright; I think it defaults to 100% Vanguard programs, which should be insulated against any Lowe's nonsense. I honestly think they're going to try to lower the stock price for D.E. Shaw to buy cheaper, before they artificially inflate the stock value through selloffs, layoffs, etc, then leave the company more or less gutted. Either sell off now, or if not be prepared to weather the storm and wait for the uptick; but don't sit on stocks too long after the uptick.
You don't know the half of it. Things are going to be even more interesting this spring....
"Do it right WITH less"
You'll all see.
My honest advice, if you can, get out now. I would also diversify your 401k portfolio or sell off Lowes stock before it plummets. I'm not kidding.
Makes sense. They lied to their own employees about the layoffs all last year.