Topics regarding layoffs at Fossil Inc.

Topics regarding layoffs at Fossil Inc.

Stock down 15% today, closed at 19.50

It looks like wearables aren't turning it around for us. Anyone think it will take time or is the writting on the wall for Fossil?

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| 1920 views | | 6 replies (last February 16, 2017)
Post ID: @OP+LR0zlOC

Trump's H1B Visa Reform and Tariff will impact Fossil?

The message to all the people were laid off was that people can not get their severance package/money until they train their Indian counterpart in IT. How is that legal? Make's me sick to my stomach. There is no vision or success in that for US... — read more 

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| 1970 views | | 5 replies (last February 11, 2017)
Post ID: @OP+LD4Ap5z

2017 seems to more focused on the Business and Globally.

2014 layoffs were mainly in IT when they were outsourced. Planned by Ed (CIO), R. Schaffer, Kristie Copeland. They all came from JC Penny. Most of IT got outsourced to Infosys. Same thing was done when Ed was there before he got let go from JC Penny... — read more 

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| 3200 views | | 9 replies (last January 13, 2017)
Post ID: @OP+LiuiWOF

To you the new Former Fossilers

Take heart, friends. You've been released from the sinking ship. You have marketable skills and you'll land on your feet. If you're anything like me, very shortly you'll realize this was the best thing that could have happened to you. Good luck and... — read more 

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| 2990 views | | 6 replies (last January 14, 2017)
Post ID: @OP+Lirrqtj

How do the minions feel now? ...

Dallas Business Journal recently posted Dennis Secor's total compensation: $4.21 million, +190.11% from 2014 to 2015. He must be AMAZING!! Ranking 7th highest paid CFO/EVP in DFW.

What departments are safe?

Which departments are safe and which ones are going to go? It's obviously not going to go well for everyome, but I imagine some will fare better. Screw this, I don't like this feeling.

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| 2550 views | | 2 replies (last January 10, 2017)
Post ID: @OP+L6LFAGx

Fossil Layoffs 2017

I needed to vent here a bit as there are many rumors and (maybe lies) about layoffs in Richardson.

Sorry Fossil, Trump will be investigating you

Trump outlined his first 100 days and a top priority is... "he said he will direct the Department of Labor to "investigate all abuses of visa programs that undercut the American worker." S---s to be investigated in the new year Fossil doesn't it?

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| 1573 views | | no replies yet
Post ID: @OP+KuW4g8v

All of you are wrong, everything will be alright

I swear ya'll have no faith and no idea what ya'll are talking about. Maybe, just maybe everything is on track. Fossil gets an upgrade - Fossil Group climbed 8% after receiving an upgrade from analysts at KeyBanc Capital Markets. The analyst company... — read more 

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| 2550 views | | 8 replies (last December 23, 2020)
Post ID: @OP+KpiZ5ld

New year..new layoffs?

Does anyone know anything about the new chatter on more layoffs after the holidays?

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| 2170 views | | 3 replies (last January 9, 2017)
Post ID: @OP+KbrtH2n

Make Fossil great again...

Unfortunately it's a little too late for that. Yesterday was my last day, and it was on my terms. It's sad because this place was really special. Please, don't sit around like ducks. You owe it to your family to be proactive. I wish you all the best! — read more 

What's next?

What's next to be cut or outsourced? Anyone have any predictions on what area of the business is going away? It's clear from what I've seen that it's not going to be pretty in a few weeks.

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| 1660 views | | 2 replies (last January 12, 2017)
Post ID: @OP+IspcjNU

So when is the next round coming?

So when is the next round of cuts and layoffs coming? Does anyone think wearables will save us come the holiday season? I'm not holding my breath.

Vomit

http://www.forbes.com/sites/peterhigh/2015/02/09/ed-robben-contributes-to-the-top-and-bottom-lines-as-cio-of-fossil-group/#677cf9763dff

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| 1770 views | | 4 replies (last October 7, 2016)
Post ID: @OP+I0tmyt7

How to make a pile of cash on a company's misfortune

It's obvious that, at the very least, the two execs and one particular board member who drove this outsourcing debacle are textbook psychopaths—there's more of them out there than you think especially in the financial and biz sectors. IMHO this is... — read more 

March 2016 Excellence Bonus?

Did Fossil pay an Excellence Bonus in March 2016? Or was it the big ZERO for the second year in a row?

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| 1870 views | | 3 replies (last April 8, 2016)
Post ID: @OP+GB9I3AY

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