Are layoffs or furloughs on the horizon? With the company being so cash constrained how long can they survive with tariffs at 245%?
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100%
Without question, yes!
Just read the 2024Q4 earnings call, they indicated that Fossil expects to capture approximately $100 million in SG&A savings in 2025 compared to 2024. This will be achieved through corporate workforce reductions, reduced costs from transitioning to a distributor model in smaller markets, and the closure of approximately 50 retail stores.
It’s incredibly sad that this company has become such a shell of its former self…
Every single all company meeting they throw around 'right sizing' so of course there are more layoffs coming, they aren't even trying to hide it.
Fossil could not be able to survive this round. Too much pressure on cash flow. Equity is too low and margin still no there.
Within 2025 Emea will be led by distributor model (UK Germany and France excluded). Apac will follow except for India.
More layoffs will come. Transformation still going on