Read a bunch of the recent threads and something doesn't add up because the earnings looks fine? Stock jumped nearly 40% and it isn't even lunch yet.
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@16x customer care department
@16c All departments or just specific ones?
Who OG laid off?
There will be no lay offs????!!!?!!!
Ask that to all the people that got laid off today in Estero!!!!!!!!! Just laying people off AGAIN to try n make their numbers look good for the year! This company truly does not care about its employees! Can’t wait to hear about it going bankrupt!
@t0 are you Ace Ventura or something? If not YOU spell like a rat 🐀.
@t0 lose*
Even when the tide turns positive hateful rats that actually want to see the company loose can’t help themselves.
@fp No one cares about layoffs in the field. Unskilled labor is easy to replace
@fp someone with sense!
The focus is all on the metrics tied to bonus. Q3 is where the company makes most of the money.
Company is still about $30-60M in the red year to date. Gil asked everyone to stretch and find another $50M in Q4. He's going to say Hertz broke even in 2025 when they wanted to make $200M+ for the year. Revenue is down and Q4 is soft.
2026 will be tough to grow without adding heads in the field.
@bt Fleet is constantly being replaced and your comment proves you have no clue what you are talking about. We buy cars year round and keep them for a specific amount of months and then defleet. This is basic industry knowledge and even your financial knowledge is lacking. The reduction in depreciation alone could pay for that debt. You sound like some peon pretending you know how this (or any) business works.
Regardless of what the results are, the company is still a cesspool of toxic upper and middle management that promote bullying and toxicity!
Of course it was fine! The $4.4 billion of debt was kicked to 2028 and 2029. Only $5 million are due in 2025, $0.5 billion in 2026 and $18 million in 2027. The “new” fleet is already aging. By the time 2026 and 2027 rolls around, this fleet will need replacement. Where will this capital come from on the heels of having to repay $4.4 billion of debt? Financial gymnastics as its best. You can only kick the can down the road so many times. Enjoy the party tonight while it lasts. The future looks dark as ** for us!
Results are great, mindset is great and was confirmed today during the town hall that there will be no layoffs. We will grow and expand!!!
Read between the lines! Don’t be so naive! “Action plan” is a form of accountability and micromanagement. If your team is filling out action plans-just know that can legally create a hostile work environment, harassment, bullying. Keep track of every word and action said to you from upper management. Get yourself log book. Buckle up! The company is looking for their next class action suit!
Forget the outcome of action plans-poor performance, negative culture, hostile environments.
I'll explain how these things go. Q3 turned out well. The board will now ride that momentum with cost cutting measures. They will say that "phase 1" of their turnaround plan has showed success. The next step is to build a leaner, more intentional organization to allow them to continue to build and grow off of this momentum. If anything, the positive results will make it easier to justify headcount reductions.
That just proves don’t trust everything you see online. Those rumours were baseless as it turns out, I’m not sure if people creating posts even work at hertz