I heard 700 layoffs are coming to Danville and Fayetteville. Has anyone else heard this? My brother is in upper management and mentioned it while at lunch. He seems worried to. Anyway I hope it's just a rumor. I just bought a boat and had a house built 2 years ago. I wish I would have stayed home with my mama like other guys.
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Any updates here from anyone?
I think HQ lost about 100 yesterday, nearly half were in the sales org.
I have heard that as well. Along with 800 in HQ. Given our stock performance, unit sales, and our market cap trending towards going below $2B that would add some additional truth to the rumor. We can’t be the same size company of 2022 if we are selling almost -35% less tires.
On another note, I do find it ironic we have almost wiped out the entire volume of the Cooper acquisition in almost 4 years.