I keep hearing there will be more layoffs this year at Fossil. Has anyone heard when the next one will be this year? Or if they will be sporadic throughout the year?
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Layoffs and furloughs are today and everyone received less hours. Some only lost 1 day a week while others lost 50% or more. The end is near.
I'd say at the latest, Q1 earnings release. If not before.
Not to be dramatic, but yes there will be many more. Sporadic. A lot don’t know the plan yet. As you can see, the company doesn’t even have a good plan for this virus and it’s complete chaos at Richardson. They waited until 4:30pm to even tell people what the plan is and yet some still have to go into the office next week. There is zero leadership. HR is on spring break, Kosta is rarely visible, it’s a complete joke.