Thread regarding Vivint Solar Inc. layoffs

It's not personal, Sonny. It's strictly business.

Look guys and gals. It is unfortunate that offices have closed. Failure is part of capitalism. Survival of the fittest. The offices that closed, simply put, were not performing. They were driving Vivint's cost per watt up. Because Vivint is a publicly traded company they have a fiduciary responsibility to their share holders to increase the value of the company. Quotas were not met and closure was the result. To claim any malice or anything the like sounds like sour grapes from a failing office. Vivint has industry leading offices in other markets. The model works. Sometimes you have to trim the fat. I'm sure effective personnel will move on to successful offices and competitors and the industry is better for it. Keeping a failing office alive just drags the rest of the company down resulting in an even greater job loss. Any good business should pull resources from failing markets to double down in succeeding ones.

Offices close all the time in any industry. It is business. And it's not for everyone.

For the record, I am not management. I am not corporate. I am a mid level employee. I am a stock owner. I am glad Vivint made these tough decisions today for the future of the company.

Sorry again to all those that got the axe.

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| 2501 views | | 9 replies (last April 9, 2016) | Reply
Post ID: @OP+GPjZC6u

9 replies (most recent on top)

this post is respectable, however, it has zero to do with the shady ethics of this company. It's sad

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Post ID: @pic+GPjZC6u

The SUNED deal killed it. I think it will come back.

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Post ID: @idm+GPjZC6u

We bought at 16 :(

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Post ID: @zug+GPjZC6u

Good thing it's at 3 and I bought at 2. And the average PTO in this market is 1 month.

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Post ID: @zhz+GPjZC6u

Enjoy your $2 stocks MR./MRS. shareholder.

I'm sure the rest of the shareholders are enjoying the dead weight on roofs that VSLR has installed and now who knows when will get finalized.

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Post ID: @sfo+GPjZC6u

I think that is unlikely. There is funding secured for at least 2 more years of installs and operating costs already.

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Post ID: @cqe+GPjZC6u

They'll be bankrupt like SunEdison within a year.

-just a prediction from a stock Analyst.

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Post ID: @aej+GPjZC6u

Common sense. I looked at a list of office rankings. All the closures were located on the bottom part of that list.

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Post ID: @dqf+GPjZC6u

Who told you the layoffs were performace based?

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Post ID: @mfv+GPjZC6u

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