Amazon does want to get into live TV so some kind of patetneship or acquisition with Cox does not seem totally wacky
14 replies (most recent on top)
Comment below about Amazon is interesting because some things are adding up . Amazon does offer car buying on a small scale, Cox does use AWS and invested in Rivian and one of Cox company Pivet partners with Amazon. And I think I remember the CEO mentioning he had lunch with Jeff bezos during a company meeting last year or something
I hear they're positioning themselves to be acquired by Amazon. They just sold off all the TV stations, they own an internet company, and Amazon has been trying for a long long time to get into the automotive world. Recently Cox Automotive partnered with Amazon on several different things like AWS, as well as partnering with Amazon on Rivian investments. Why? Because it'll be that much easier to sell to Amazon. They recently dumped some of the autotrader properties also, to EBAY. Was never talked about but they have plans for something.....
Thats nothing new directly below. Thats a common tactic they do all the time. Reason is because the goals, numbers, growth is all fake. They cycle it around shuffling things to make numbers look better than they are, and tailor it to whatever story they want to tell at the time. Thats what this company does, they're so afraid of being sued for BS they rarely fire bad employees, instead the strategy is actually to promote them to another department making them that person's problem now. Sounds crazy but its 100% true, problem employees get shuffled around, while good loyal employees get held back to keep that department performing, until the next round of lay offs or restructure. Then it all starts over again. The corporate politics in this company is worse than i've ever seen. Just the sheer amount of VPs they have its insane. VP for literally anything and everything. VP of paper shredding, VP of strategic paper shredders, VP of paper shredding performance, VP of paper shredding compliance its insane.
"senior" leaders retained direct report managers who are poorer performers than the ones that got let go. Like the managers were protecting their jobs by keeping direct reports that know less and woundt be able to take over. Some of the direct reports were probably threats to the managers job security so they got cut. Reducing pay for the overpaid employees who got big bonuses and suspending 401k matches would have been more well received. They don't care about employees as much as making sure they meet increasing revenue goals year after year
Thousands and Thousands of people will be laid off, and this is after being furloughed up to 4 MONTHS!!!! There is going to be MASSIVE casualties from this. 1/4 of auction staffs will be returning. Stacking their cash to acquire failing businesses who will eventually be laid off also. I caution anyone to trust their "leader." They're all trained liars.
Yup 275 people booted last week. Thats just the start. There is many many many people NOT coming back from furlough. Manheim specifically only 25-30% of the people on furlough will be coming back. Im sure it's the same at most BU. maybe 3-4,000 of the 12,500 furloughed will come back, and many many people employed right now will be going away also. The leadership is SCUM, and are excellent story tellers and liars. They'll feed you any BS you want to hear until "surprise, you're gone", no one is safe, except "senior leaders" and I put in quotes because these are anything but leaders. They're liars, politicians, and all have their favorites. Dealers telling us we should be embarrassed how you're treating your employees. Anyone find it odd that the furlough period ends the day before they'll re-open the Atlanta campus to in person work? Odd huh? Literally sitting with no communication, no idea what's going on while they decide the fait of 1,000s of people who haven't been being paid anyway, just to THINK youre returning. When in the interim they collect their government bonuses and incentives to "keep people on payroll, and not reduce head count". They're SCUM.
If you're somebody that can create code and algorithms that replace your human coworkers then this is the place for you. Otherwise you are SOL
Some people got their layoff notices this last week. They should have told us they were planning to make some cuts in advance. This is ridiculous. Atleast we all knew May was going to see changes. No one told us about this round. They said they're constantly evaluating but atleast give a heads up. Some cuts made sense and most did not. Reorg merged some teams but the manager that gets axed should have been the one that stayed and not the other.
All I have to say is I hope your "side hustle" game is strong right about now. Sh– is about to hit the fan, and p–p will be spraying a lot of people. The "family" cares about family for sure. As long as you're one of actual family.
That is true now seeing the role of managers now that most are working from home . Managers are not as useful if they aren't SMEs and can't help improve our skills. I shouldn't be spending more time talking about what I do to my manager than actually doing work, my manager already should understand the concepts. Some are overcompensating now and taking up so much time on calls to maintain their control. Hindrances.
New to this place. Got sold on the culture and family pitch. I've never encountered this many amateurs in my life. The SVP level people are sr. managers... at best. My guess is that they will play favorites, keep their pets around and remove the people who do the work. There are so many teams here who literally take the faxes off the fax machine. They will likely keep their jobs.
Should at least flatten chain of command by letting go of managers. Not sure why they're useful either except be housekeepers and hall monitors .
Been through this so many times over the past 5 years. It’s exhausting. I find it interesting that no one on the leadership team ever seems to get cut. I’m not sure what any of them actually do...