So, what do we think?
Get your head out of the sand
Whoever is still employed and singing the company’s praise has got to be in denial. EVERYONE and I mean EVERYONE knows the company is a dumpster fire waiting to be put out. There are two ways this is going to end for those who still remain. You will... — read more
Hertz is done
Country shuts down. Bankrupt. Business down 75%. Lost State Farm. Denied stock sales and bonuses from the courts. Oversold fleet. Closed all car sales permanently. Delisted. Business still down 50%. AND HERE COMES ANOTHER SHUT DOWN. (and liquidation... — read more
I want my raise
Screw $500. I don't get all those employees who are cheering that they got a bonus. It would have been better to get a freaking raise. How can anyone be satisfied with it? This is such a sad way to keep the masses happy with breadcrumbs while those... — read more
Bonus
Bottom feeder (flex reps) are getting a $500.00 bonus guess that was part of the 8 billion.
How much of that will go into executives pockets, I wonder?
Too much, obviously. Hertz Global Holdings Secures A $4 Billion Commitment For Fleet Financing To Support A Refreshed And Robust Vehicle... — read more
Insights?
What is Jef Adamms doing in Europe?
The future of the company
I saw some speculation on this forum that the entire company will be shut down by the middle of next year. On the other hand, I have now checked - Hertz has 1,224 jobs open in the US alone. That doesn’t make much sense to me. I agree that we are... — read more
Textbook Case of Terrible Leadership
Hertz Global will be forever discussed in business classrooms from Community College to Harvard on how a terrible management culture can destroy an iconic brand. The Hertz cesspool of favoritism from HLE to AP operations and must we forget the filthy... — read more
Hertz delisted from NYSE
Hope you weren't hanging on to any worthless stock. It finally hit the fan today
Hertz plans on borrowing $4 billion
$4 billion to spruce up fleet, digging a deeper and deeper hole.
Do you really believe?
C’mon guys. Does anyone in the company REALLY believe our leaders need another bonus to fix the mess we are in? Isn’t that the reason they were hired? Instead they feel entitled to more and have done absolutely nothing in return to help save the... — read more
Covid surge worldwide
With covid surging again world wide and winter travel season in danger, will Hertz have to keep shrinking to survive? The $1.7 billion loan is helpful but again it's borrowed money. How much more can you borrow to survive through another wave of... — read more
Hertz won't exist in a year
There won't even be a swan song. This Titanic is ready to sink and there's no stopping it. If you're smart, you'll be gone before that happens.
8 million in bonuses
Who is getting them?
Will everybody know on November 5?
I know people whose locations are closing will know by November 5 they are affected, but what about the rest of us? We know layoffs will be much wider - will it all be done on that date or will we have to wait longer to find out? I seriously doubt... — read more
Mass layoff for Car Sales incoming
You heard it here first... sorry guys.
November cuts
Are they happening? Who'll be affected?
Hertz May Be Buying Cars...
But we finally have 1 less Porsche!
Apollo has Hertz in chokehold
The Apollo DIP loan is a joke. Apollo has Hertz nutz in a vise. Paul is so desperate!
Financing Has Come Through!
More than 1.65BB dollars coming in. The champagne corks are popping in Estero and Big Bob is salivating as he makes his way to the trough.
Top 30 locations
How many managers do you have at your locations and how many rentals are you doing a day??
Is anyone surprised?
Hertz filled the leaderships ranks with people with no industry experience. None. Every Single top and mid level position, zero industry experience. And did this for the better part of last 7 years. And told us the way to run car rental was with... — read more
JD power award
How in the heck did Hertz win again?
Any news from Estero?
Anyone working at Estero with news for us? Restructure plan still in the works?
New Airport Manager
I left my previous job of 6 years to take what I thought was going to be a great airport management job with Hertz. I started about five weeks ago and I am bow really stressed. I didnt do my homework, and now learned about tbe bad state of finances... — read more
Proof of claim packet, what is it
What is the proof of claim packet that we received in the mail last week, I tried calling and noone answers..
Delisting on 10-15-2020
It's over people. HTZ to be delisted next week.
Just got laid off
I worked in sales and just got the word today. Whole sales team must be next. I think we just lost a big account...
RM Hate Week
Let’s post our favorite revenue management hate stories. We know they are terrible and don’t actually do anything, but let’s share some laughs.
Hertz Lost State Farm - Liquidation Next
Think I’m lying? If we re-signed as primary, they would have sent out 529363629 public announcements. It’s way past due for an announcement. They are keeping it hush-hush while they liquidate. If they told you all, everyone would just give up... — read more
Late Night, Come Home
Hertz S—s, I know.
On its last leg
I joined the company back in 2012 right after it purchased dollar thrifty. Hertz was a name brand back then, respected throughout the industry. Now 8 years later, the company has gone through layoffs, bankruptcy, restructuring, etc. I just don’t know... — read more
What will Hertz be like in 10 years?
Been with Hertz for 3 years and I love working here. I just bought a home, and I'm working hard to complete my MBA. I'm really worried about losing my job. What does everyone think Hertz will be like in 10 years?
We should not be trying to keep this leadership
Couple million to keep lousy leaders onboard in the grand scheme of things IS something. They broke it, no need to reward them in excess to what they already lined their packets with for retention bonuses paid. If they are not working for the best... — read more
Other rental car companies weren’t positioned like HTZ before covid.
The reality is whether it was Mark F with the restatement bc he cooked his books to pay very large bonuses to middle management and senior management or John T with his genius pricing strategy like the airlines or then the most recent Kathy and Paul... — read more
Bonus Money to Keep Senior Leaders
With another high profile executive exit, it's clear that we need to go back to the judge and demonstrate the need to pay retention bonuses. The work ahead is hard and the road ahead is very uncertain. Is it now clear that some additional bonuses... — read more
New CHRO
Wonder if the new CHRO will be any better than the incompetent bully that’s been running the show. You might want to stop kissing his A@& and start doing your job. Take a look at you leadership team and the lack of experience they have in their... — read more
Read the Writing On the Wall
When the guy at the top in charge of finance leaves the company on his own for another opportunity, he knows what’s coming. First Jamere, now his replacement. These are people with intimate knowledge of the bankruptcy proceedings. Heed this warning... — read more