What’s the story? Little birdie mentioned it.
10 replies (most recent on top)
Sad to say, there are many in the bloated family structure that have never worked a day in their lives and feel they are owed a living by being born with a silver spoon in their mouths.
But not to worry, 4th and 5th gen should be fine!
The family will be asking at Thanksgiving, how will we live without our dividends? We may have to get jobs.
And who is tsking over if a RM quits/fired?
Some work really hard, others, not so much.
Is the financial situation really that dire? I don't see sales numbers outside of my region, so I'm not sure how things look beyond that. What are people seeing and hearing?
Seriously, this season is done. If they have one final trick up their sleeve to see how they'll survive spring of 21, it will be a miracle if the company even gets that far. The amount of money that this company is losing on a daily basis is like watching the numbers on the pump when you fill up your car at the gas station. I'm sure the corporate lawyers are working on the bankruptcy procedures as I type this.
You would think that for the maximum bang for their buck the corporation would RIF half the VP's, Senior VP's and Executive VP's and 1/3 of their RM's.
Family must be bailing hard to keep from going under!
Is this across the board?
All regions?
Chapter 11 on the horizon. Perhaps that's the good time for them to renegotiate all those horrible contracts they are tied into.
I heard that later this week certain stores will see cuts even if they’re coming out of rush, because of the sales drops. RMs got a heads up. Care to confirm?
I think we are going to see more than just RMs being fired.