At some point the massive labor cutting at Ferg has to harm their top line. Only outside sales associates have been exempt. Merging regions to share the workload among the remaining associates is a massive ingredient to losing local customers. .. — read more
Holiday Layoffs?
Ferg used to pride itself on treating it's associates as family, but what cr-ppy company lays people off over the Holidays, allowing them to get paid through December? 23 years of service got me this? Be warned if you are taking a job there. So many... — read more
If you're looking for a job in IT, look elsewhere.
FEI's IT dept absolutely sux! Brown nosing and back stabbing galore! Old tech, shelfware, the back bone of the company is written in Rocket BASIC!
Upper Management Scrambling- are more cuts coming?
My team is hearing more chatter about hiring freezes and not being able to back fill when positions open up. At the same time upper managers are asking for productivity data and they are quietly restructuring roles and duties of their buddys in... — read more
A thousand paper cuts
FERG continues to cut staff in small bunches. Is there a logic to the small biweekly cuts, other than to stay out of the business print? The common thread seems to be all experienced talent.
Rapid sales decel in Q4. Trend follows in Q1
The Q4 sales slowdown continues in Q1. Branch consolidation. Associates having to interview to keep their roles. Boy, I wouldn't want to be acquired by them! The new Watsco. All those share buybacks do wonders for the stock price, but they still run... — read more
New Back to Office Policy - De Facto Layoffs by Forced Attrition?
In an email to associates this week: "Effective September 18th, hybrid roles within a reasonable commuting distance (defined as 40 driving miles) are required to be onsite 3 days a week - this includes our HQ (Newport News, VA) and Chico (CA)... — read more
Shaky economy or just a warning sign from Ferg?
CTO and COO let go, but no press on it. Associates extremely scared for their job security. CEO sells millions in stock. Company takes 9 figure right down on multi-year tech plan to pull its ERP into the 21st century. And still no plan to upgrade... — read more
Florida doing okay other states don’t
I expect more layoffs to happen in 2023-2024- probably some locations closing too
Trust in management
I don't like how they treat the employees. Of course, when they don't walk their talk, the trust in management will disappear, right?
Another Round of Layoffs from Ferguson
2/15/23. the first round was in November 2022. I see more to come.
Staff reduction
About 175 associates were laid off on 11/1/22 . Ferguson using economy and slow down of business.
Ferguson HP slow die! June 2012
Inside sales on furlough's. Week on / week off Ferguson HP not showing any positive numbers. Continue to be down. Why in he-l is Ferguson keeping this division for?
May 19 2021 FY21 Third Quarter Results
Commercial / Mechanical, Fire and Fabrication and Facilities Supply growth improved but continued to be restricted by more challenging non-residential markets. Why does Ferguson hang on to "Facility Supply"? It continues to be negative year over... — read more
Is the worst over or is it yet to come?
How safe do you feel? After the past layoffs, I thought that was it and that I could finally relax a bit, however, now I'm hearing some rumors again (though unverified) about even bigger layoffs. Really awful. Finding motivation is difficult and I... — read more
dozens laid off at HP Ferguson
2-26 Large layoff in action
What Ferguson Locations will be closing in 2019? (Please share if you have it - List of locations closing)
Any on the list below will be closed by Ferguson in 2019? Who knows this? Abilene; Addison; Airmont; Alamosa; Albany; Albuquerque; Anaheim; Anchorage; Ann Arbor; Annapolis; Arvada; Asheville; Ashland; Atlanta; Auburn; Augusta; Austin; Bakersfield... — read more