Shocking but not too surprising Q1 result, keep going down hill non stop. So I guess more layoffs?
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https://www.kcrg.com/2026/06/05/breaking-whirlpool-ending-second-shift-production-amana/
Looks like Amana is impacted
Q2 is looking about the same as Q1. Here at factory things are running very slow and doesnt look any good
@1g3 IDK how. People are already doing the work of 2-3 employees.
Seems like they will go after some jobs in headquarters.
Any other employee that has had the performance of Bitzer would have been fired years ago. How has the board not removed him? 5 years ago the stock was over $200 a share.. now in the low $40s
I pulled this quote from their Q1 earnings call transcript. It’s their usual corporate speak indicating packages to leave and layoffs are coming …
“Finally, we’re introducing a new measure which encompass targeted fixed cost actions within our corporate center. We expect to generate approximately $20 million in savings, which we will plan to share more details about it in the near future. Collectively, these actions will have a carryover in benefit into 2027, ensuring that we are actively managing the elements with our control to offset external headwinds and restore our profitability.”
Best wishes to those affected. Hope the packages are as generous as they were in the last 6 years. It’s a difficult economy to be turned out into, especially if you’re over 45 or 50.
Whirlpool leadership doesn't know anything except downsize to save $$$, so....yes