Thread regarding Fossil Inc. layoffs

Fossil layoffs

So rumor is:

40% of the company will be laid off (not just headquarters but all the Americas)
It will include workers to management
Upper management claim they can't talk about it YET certain people claim to know what is going on (really management? either keep your mouth shut to everyone or tell everyone)
No one is safe - regardless of longevity with the company, regardless of how stellar your reviews were, etc

At this point, whether I may it through this layoff round or not, Fossil is a dying company and business. The end is inevitable for everyone.

What else do you all know? Because lets keep the rumor mill churning more since Fossil management doesn't have the courage to speak up and communicate with their loyal employees. Because waiting week after week always makes for a great and productive work week!

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| 3731 views | | 10 replies (last February 19, 2020) | Reply
Post ID: @OP+13yAY2XX

10 replies (most recent on top)

I jumped ship 3 years ago. Glad all that wearable tech & New World Fossil helped save the company.

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Post ID: @2zkd+13yAY2XX

https://twitter.com/TheLayoff/status/1229517054937575424?s=20

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Post ID: @1alf+13yAY2XX

So to be very clear layoffs are happenin and severances are happening as well. Some get 6+ months. They will all be ok, as there luckier than the rest of us.

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Post ID: @1ycq+13yAY2XX

Actually Fossil did not give merit increases this year in hopes that would encourage people to leave. So management’s job is hardly to encourage people not to jump ship....quite the opposite. But let’s be honest, Fossil is sinking. Everyone should abandon ship!

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Post ID: @1pov+13yAY2XX

40%????!!!!! LOL!!!

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Post ID: @1cug+13yAY2XX

Why do people think management will inform you? Their job is to keep people from jumping ship. If your department isnt hit this time around, it will be soon. Update those resumes!

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Post ID: @1nbo+13yAY2XX

Well this 'misinformation' is from ALL the rumor churning people. So maybe if Fossil just communicated what was going on instead of waiting...there wouldn't be SO much misinformation.

So what do you know then... if this is misinformation??

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Post ID: @olk+13yAY2XX

Lots of misinformation here. Not 40% and there are severance packages.

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Post ID: @fsh+13yAY2XX

Rumor is that HR (4 people?) and Retro had some layoffs today.

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Post ID: @cxg+13yAY2XX

Oh and rumor is Fossil is BROKE. So severance packages may not be happening....

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Post ID: @upj+13yAY2XX

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