Thread regarding Newegg layoffs

Things are not improving at Newegg , we are going downhill

  1. GROWTH: Constant demand from top leadership for huge sales growth and ROI without the resources and project approvals needed to make a dent, let alone real impact. This isn’t a lean approach, it’s starving.
  1. FORECASTING: Frequent and “creative” forecasting by departments to meet senior leadership expectations of high revenue. When reality catches up and sales don’t measure up, executives resort to sudden and massive layoffs under the excuse of restructuring. More work for less pay if you are lucky enough to keep your job.
  1. SALARIES: Below average salaries with no room for negotiation. They will try to justify lower salary with a vague quarterly bonus. In practice no one including supervisors can actually explain how the bonus is calculated. The goals to get the bonus are unattainable, not ambitious.
  1. HOT POTATO: Department heads are afraid of blame that the company is unable to measure up to competitors like Amazon or failure to meet the top leaders’ shifting demands for increasing sales and margin. CYA culture trickles down to their teams. Too many meetings to justify that something is being done when not much can be done.
  1. TECH: Platform is outdated and hard to use for both staff and partners. No investment or openness to a much needed overhaul.
  1. HUMAN RESOURCES: HR gives free swag but not effective in solving issues. Simple things take a while to be fixed. This is a paycheck, not a career unless you say what leaders want to hear.
  1. PEOPLE: Management should stop treating employees like they are disposable. They ought to be willing to see and hear the truth. The ought to provide tools and personnel to meet your goals.
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| 2401 views | | 5 replies (last September 10, 2019) | Reply
Post ID: @OP+10LDKB9l

5 replies (most recent on top)

True there was quote a few that did that but the ping pong tables only showed up for while. This plan with this many lay offs had to have been planned for quite some time, maybe even Before B2B got moved over to WH08. Maybe in the end of the day no matter how hard you worked or not same chopping block

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Post ID: @dfnz+10LDKB9l

Holy sh–, that person that commented about people playing ping pong and Uber eating all day. Sooo true, they’re referring to the same account executives who would be playing it almost all freaking day. Even 2 of the managers were in on it. Granted it was only like 10 individuals, I’m sure that reflected on those of us who worked hard.

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Post ID: @8ybj+10LDKB9l

Correct. Will all these change? Not sure.

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Post ID: @4tff+10LDKB9l

Until management knows how to manage, hire the right kind of loyal hard working employee and stop hiring bottom feeders who play ping pong and order Uber eats all day this company won’t improve. 14 years wasted at what was a good career. If u got severance it wasn’t even like they cared you have a family to support or life to lead. They are just millionaires trying to make sure they could line their pockets. Sounds like they support trump

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Post ID: @2bta+10LDKB9l

Amen

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Post ID: @1azd+10LDKB9l

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