Following the announcement to close all global retail stores a round of layoffs happened in January. But these were hardly related to retail. Likely this was another round that each department had to cut staff by x-percent without any vision or rational. Be prepared- a large round of lay-offs is still to happen when all store staff and staff working in the offices to support stores will be fired. This will affect a lot of people.
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More layoffs announced today?
any information about staff cuts ?
A reorg every year.
WOW! So much money spent on the new smart speakers development and now no longer a speaker company? How SONOS is sustaining with Google and Alexa.
Are they heading towards the Nokia Path ?
Bose has stopped developing wifi speakers (Soundtouch and smart Home speaker).
Its market share of wifi speaker is very small because it is too expensive. It cannot compete with Google or Amazon or Sonos.
Lots of engineers will either switch to headphone development or find jobs somewhere else. The sleepbud was a failure and the recall cost almost 100M. The so-call health products are big drain of resources and nobody knows when it will be profitable, if ever, at all. There are too many politics within Bose. Too many managers, some only manage one or two people. Not a healthy work environment. Bose still has auto and Pro divisions, but they are much smaller. All manufacturing and more and more development work is outsourced to other countries.
The CEO Phil should have been fired long time ago. He is a problem. He got the job only because he had worked there long time, not for his capability.
It's a shame what has happened to Bose since Dr Bose passed away and Tom Beeson retired.
Indeed, it seems there would be a lot of corporate people involved in supporting many facets of retail too. With the CEO (Phil) out, the CFO (Jim) appears to be running the company and balancing the out-of-balance books, again?
Feel bad for these employees. Started with Wayfair now at Bose