Thread regarding Fossil Inc. layoffs

Re-evaluate our ELT

Deeply concerned about the current state of our ELT, particularly regarding Holly's role. It's imperative to hold senior leaders accountable for their actions, especially in the case of significant business failures like the Katchin project.

Despite high expectations surrounding its launch, Katchin was discontinued within a year. This raises serious questions about both financial and strategic decisions. Specifically, how much expenditure was incurred in terms of workforce increase and marketing spend? The end of Katchin reflects negatively on our leadership’s decision-making abilities. Despite the staggering financial drain, it's unbelievable how Holly still retains her ELT position.

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| 2071 views | | 6 replies (last November 27, 2023) | Reply
Post ID: @OP+1pImcpDV

6 replies (most recent on top)

Owning the wrist in digital was Greg's golden goose that never came to roost; Digital takeover with Katchin was Holly's unproven one hit wonder; Why did no one tell Kosta it was a mistake?

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Post ID: @5vdj+1pImcpDV

Holly needs to go. It's that plain and simple.

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Post ID: @2brb+1pImcpDV

Can't agree more!!

The launch of Katchin was a joke. How silly to repeat a already proven failure!
Feel like another McK. Digital is a slogan by consultancy. Consumer won't make a purchase when the products are old and worthless.

When other smartwatch has occupied a portion of wrist market, other brands are repricing their products with upgrade features & innovations. Downgrade the products is not survival but quite sui-idal.

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Post ID: @1grk+1pImcpDV

So true! Our SLT/ELT seem to be blissfully ignorant. Just ask Melissa about the decision to elevate the Brand only to discount the product right away—what a farce. Has she even taken the time to understand the essence of our brand and why customers loved our product once upon a time? #cluelessanduseless

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Post ID: @gct+1pImcpDV

Lol since when have fossil ever held any ELT accountable for anything! Everything is always awesome / amazing and anyone that says otherwise is out the door next, toxic culture!

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Post ID: @puv+1pImcpDV

Holding senior leaders accountable? How do you think that will happen?

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Post ID: @ync+1pImcpDV

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