Layoffs coming that will affect corporate on Monday
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Gets $1M in total incentives a year to do be a poor performer and lie.
https://contracts.justia.com/companies/di-ks-sporting-goods-inc-397/contract/120081/
The employees who were told to stay until December man the NOC. We’re firing you but help us now until after we don’t need you.
They should coordinate leaving at once without notice. Walk out in the middle of the night.
They don't understand the WARN act. Not that this surprises me.
Those employees who were told that they should stay until holiday should get themselves a lawyer.
In regards to showing their cards. No one will verify the total but the number going round is 250. 250 with $20M in severance.
They stated they have $20-25M more loaded in the g-n. That sounds like another 250-300 layoffs.
By law the have to pre-announce a layoff of 500 or more.
But 250 now, 250 after holiday and no need to announce anything ahead of time, plus you get through holiday without mass hysteria.
Sell any vested stock you have and use the funds to short DKS stock.
To tell people something that you know to be untrue for the purpose of enhancing their opinion of you is a characteristic of a narcissist.
I am not referring to anyone in particular, mind you.
I’ve had more than a few reach out to me immediately. Both still there and some that aren’t. The feeling I’m getting from most is they see the pattern, they lost respect for how it was done and they aren’t buying the BS from Ed, Lauren, Vlad or anyone else. And a lot feel they showed their cards on the earnings call about future layoffs.
Get while tge getting is good.
I wouldn't put too much thought into the dismised co-workers' "radio silence".
The ham-fisted way in which this was handled followed by the tone deaf comments of the CTO (Commicly Truthless Ogre) regarding "under performers" have undermined the trust that once bound us together. I suspect that there are going to be a significant number of resignations as those of us who remain realize that this could have happened to any of us!
a few reached out but I would expect more. What a sc-m bag to blame the directors. that is an oh boy for me though I will leave at that. I made it through the 2017 and 2020 layoffs
I was part of the 2020 layoffs. Very few people reached out from DSG overall, and that su-ked. Having lived through the 2017 layoffs, I remember being told to keep my distance. I think it’s a legal thing - they are afraid someone can give you ammunition to sue if they tell you more details. Glad I’m no longer there, life is so much better, and my salary is so much higher!
Definitely use the employment services, they can’t hurt. I didn’t find them overly useful, but again, it’s free and it’s there for you to use. And network as much as possible - in this market, you need to get past the sea of resumes every job posting gets.
So if I’m reading these posts right, Vlad actually said the directors in tech made the decisions on who to cut? What a weasel. In 2020, he said “these cuts had nothing to do with me, I just got here”. For anyone still working there that has some tenure, get your resume together. No one stays longer than 10 years at DSG.
I am the same way. emotional roller coaster. This board helps. I was expecting a bad quarter and then a bad review to be told improve this or else but nothing like that. they are going to load tech up with contractors and as more people leave they will be replaced with contractors. You can pretty much kiss the bonus good bye this year because it is razor thin and one bad quarter will end the chance of getting it. I plan on signing the severance agreement and I also will use the placement service they offered unless I am forced to use them exclusively but I do not think that is the case. Let try and stay positive out there and good luck to everyone.
@@6bsh+1obeSoyg
Agree 100%, I just put in my two weeks. The way they handled that was ugly and definitely made me lose any confidence in the company
I unfortunately was offered another position or the severance. I decided to take the role for now because I can’t sue the ba--s off of these a--holes if I sign the severance. As I overheard many calls yesterday they kept saying “we now have the right people in the right places.” Made me sick to my stomach as I’m sure many people impacted were the right people. I’m so sorry this is happening. I knew this was coming months ago when we weren’t making sales. As a tenured employee with outstanding performance, to still be impacted, just shows were all replaceable. As for your peers that still have jobs. Mine were told to give me time before they reached out. But I bet 75% of teammates in stores and team members that are left still have no idea what the truth is. There are so many rumors right now. The thought that someone will get on a call though and say they have the right people in place seems like defamation of some sort because a teammate that knows your gone can take that as, they didn’t do their job, they were an underperformer or they did something wrong. Good luck!
Even though I’m still here, I’m actively applying elsewhere. Trust in leadership is totally gone. Next week’s tech on site should have been canceled.
I was told directors in departments didn’t know this was happening. Senior directors made the decisions on who was getting but. Does this sound true? Referring to loss prevention specifically, but curious on what others heard.
What a week this has been. Still slightly in shock. I hope everyone impacted is doing okay. I swing between feeling positive to angry to sad to lost and everything in between. I am sure things will be better in due time, but I just wish we had a warning or time to prepare.
Also, has anyone had radio silence from prior coworkers and bosses? Not a single one has reached out or checked in.
Lesson learned for next time.
Yes there is a “you can’t trash us” clause. But it’s ok for management to bully me, treat me horribly, and say that people let go were under performers? (I was always praised/told I did a good job). They can fu-k all the way off they are hypocritical a--holes. I hope that place gets sued.
@5ycb+1obeSoyg even not being in his org any time he speaks in tech-wide meetings it makes me cringe.
Curious if those with a separation agreement have the "you can't disparage us publicly" clause included. This used to be standard. I personally have been steering people away fro DSG for years and years, they've been broken for a long time.
Curious how we all got assigned the Code of Conduct training on Tuesday, which includes a whole section on social media posts.
The CISO is a joke. His entire org thinks he’s fake. All fluff. Has done nothing to improve anything.
The thing that worries me is that neither the CTO nor the CISO have ever managed a software development company and have no idea how to do it or what it takes.
The problem, here, is cultural, and not about personnel.
As the expression goes, "The fish rots from the head, down!"
Seems like this is the ultimate expression of “leadership” at Di-k’s flowing straight from the top. Get rid of people who are willing to express ideas of their own. Has this CTO done anything other than try to make the two CEOs feel good about themselves?
Saw this coming when Vlad starting bringing in all of the outside contractors.
As a teammate who is still here, I am at a loss.
While some of the people cut may have been underperformers, a large number of them did not receive feedback or PIPs. Many had met or exceeds expectations on annual reviews. I don't think leadership realizes how poorly it reflects on them that they didn't address issues before a mass layoff was needed. Weird flex, but OK.
The reality is that some directors took advantage of this situation to purge some people they didn't like. It was subjective, not concrete.
they definitely stack ranked people because I NEVER got a bad review. I was never told improve here or else. I was moving around for them and they still did this. I am bitter but that will fade when I , hopefully, get a new position. I have not signed the severance yet. I am having an attorney friend take a look first.
If you get bad performance reviews they will terminate whenever they feel like it. If you get good or passable performance reviews every year you aren't going to be terminated ad hoc for performance. But when they stack rank everyone, even the best worst performers who were meeting expectations are going to end up in the bottom 10%. It's a vile practice and pits workers against each other and leaves a terrible taste in my mouth.
There is a bitter irony to Vlad claiming all who were let go were underperformers.
I am a loss to describe what he has sone for DSG. His impact on operations is nil and some of those that I know were let go were far from underperformers.
In most instances, they were underutilized, unsupported and mismanaged.
Oh, yeah, and most were over 40!
I see a lot of comments in here about being an underperformer as the reason for your termination. I was impacted by this in the field and I’m not considered an underperformer. When I knew this might happen I saved all of my reviews that showed I was rated at or above expectations incase my peer was kept over me. A peer that I have several emails and messages showing how little they knew and how much I’ve helped them over the years. Having been with the company 10+ years, being a female and top performer; I still lost my role to a white male who has only been with the company less than 3 years. I have been promoted every two to three years because of my talent and that still didn’t mean anything. it’s sad a frustrating and we can sit here and think about all of the reasons this happened, but at the end of the day we were a dks number and that’s it. The company failed us, we didn’t fail them.
DSG hired me in 2017 and then laid me off 5 months later when I discovered issues with their processes and $. How convenient. It was embarrassing for them. In my current job I’ve been promoted twice and am the highest performer in my organization. Jokes on them. Sad to see things don’t change and I am deeply sorry for everyone going through this right now. It will get better and you will find a place where you ARE valued. In such a sports based company one would think their leaders would be less manipulative and more inclined to lead. But I guess like every sport, if you aren’t in the clique of cool kids then you don’t make varsity.
We were told from our director that while tech went with performance reasons as their criteria, other departments did not take the same approach. So take that for what it’s worth.
Was performance the cited reason for those not in tech who were let go? Still not seeing a whole picture of how many were let go across parts of the company.
Exactly! No warning of a bad performance. They probably just picked names of those to fire out of a hat. It makes no sense.
Vlad Rak should look in the mirror. In the 3 years he’s been there what has he done to improve anything?
Nothing.
I have never had one bad performance review. I have never been told at anytime was it ever communicated to me that I wasn’t performing as expected. In any roles I was in. I had nothing but positive appreciation, especially in my most recent role.
And many of my former coworkers have reached out and told me they see through all this bullsh-t from the top and it’s leaving a bad taste in a lot of their mouths.
Defamation for sure and class action lawsuit yes please!
I feel my response may be more toward those who hung on to their jobs at DSG. But this comment should apply to all those going forward with a position in corporate retail as a whole. It's cut throat. It's brutal. There's no denying that. I've been in corporate retail all my life, and been through the ringer, including witnessing the 2017 DSG purge first hand. No doubt the most heartless purging of employees I've ever witnessed.
I was one of those gutted in 2020, losing my job after 10 years + at DSG. My one advice to those who retain a position here after the recent layoffs is the following:
Work hard, as you normally would, as you no doubt were brought up that way.
Unless you are in a position to, and are okay with going back and forth with senior management at all hours of the night and at any day of the week, eating lunch at your desk, and/or staying an hour after quitting time each day isn't gonna cut it. That won't make a dent in your "value". Sorry, but that's a reality at DSG.
My suggestion to anyone entering corporate retail in general is to perform as expected, but make sure to update your resume as you go along. Sooner than later, you will find yourself in need of a change.
I guess what I'm saying is that any Corporate Retail job at any company should not be seen as a job to be hunkered down in for 10+ years. It's a position to be in so that you can gain experience and pad your resume. The CEO isn't looking out for you. You need to look out for yourself, and make moves as you see fit.
I hope everyone who lost their jobs this purge lands on their feet!
@4uuv+1obeSoyg That sounds like defamation if Vlad was disparaging anyone let go as "under performers." Now their ex-coworkers have a negative opinion of them, even if they didn't know them. Possibly hurting their chances of getting new employment. Could this be class action?
Good point, everything they say and is a lie at this point to justify their horrible actions. I wouldn’t trust management or feel safe at all if I was still there
I have to believe they say This to pump up morale for the company. Hey we got rid of a bunch of su-ky workers but you guys are the best. Their stock is down 30 percent or more. I hate that company even more now.