See, he is a good CEO!
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Right. Because Sears has anything whatsoever to do with Allstate and not the guy, Eddie Lampert, who ran it into the ground at time where cheap Chinese goods became a thing. Not a big fan of TW, but c'mon.
Ha ha
Amazing what can be done by sh-t canning 4,000 employees and ja--ing your prices up so you sc--w your customers at the same time.
Go team.
There's money to be made devouring the carcass of a once respected brand. It's the lesson Tom learned at Sears.
I just went to have a look at Sears' stock history (2004 to present). The rise in price from 2004 to 2006 is dramatic, and then again after the 2008 crash for a brief while. The whole time shopping at Sears was a pointless and frustrating experience.
Sears stock is trading at around $0.10 now.
Love that someone went on a layoff site to dunk on employees about the stock price for which won’t remotely benefit them, aside for maybe delaying their layoff for a few months.
Do you work in Maryland BI or auto? BI has been ruined for so many years. It’s amazing the people they continue to let run that debacle.
Imagine being miserable for 5 years but still can't find a better offer!!!!!
When the stock price is as high as it is but every employee is miserable, it should tell you something. It tells you that the company success is not reciprocal to your professional happiness, which is an issue. I work in claims in Maryland and it’s been a disaster for at least five years. There’s no leadership, no direction, no sense of confidence, and no coherent understanding of the business. They promote underqualified candidates and gaslight us at any chance they have. Raises were pitiful this year and they continue to not allow bonuses for adjusters. This place is a train wreck. As soon as I have a better offer, I will be out.
And when he eliminates another 4,000+ jobs like in 2020, it will go up even higher. The public is used to dealing with foreign workers, AI and self directed service now, so the next gutting will go off easier in the eyes of the stakeholders. Hooray Tom. Genius or scoundrel ?
The best.