We all saw this coming, and unfortunately, there will likely be more. I fear it’s too late to turn things around, and honestly, I don’t see any real attempts to do so. I hope those affected will find new jobs soon. As for the rest of us, we should stay on the lookout for other opportunities—we don’t know when the next round might hit.
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It's so much worse than most of my colleagues seem to realize. It's bad enough that Project Athens has come and gone and we've done nothing but lose customers, lose revenue and make no material improvement to our OIBDA (the two positive quarters they tout were up against two HORRENDOUS quarters...
Now we're facing tariffs - most of our stuff is priced higher than Amazon anyway and now it's only going to get worse - and a consumer confidence level that is horrible. Seriously - I don't know ANYONE that isn't cutting back to the bare necesseties right now and that doesn't include a $200 Barefoot Dreams cardigan).
The next earnings report in 5 weeks should give us some sort of a gauge of how much time we have left - I would expect the levee to break in the Summer.
I guess we can hope for a buyer but we carry such a ridiculous amount of debt I don't see how. But it does explain why the only thing we seem to be focused on is reducing the debt.
The livestreaming idea was GREAT - 5 years ago. Now it's a saturated market with people tired of seeing so many ads on their socials.