In another great move by Hertz, they are laying off all of their car salespeople, closing all car sales locations, and are going to have the car rental folks handle the auto sales.
Ridiculous.
After limiting the financing options buyers had, looking down on cash deals, having a series of bad CRMs, failed central-scheduling of customer appointments, and more, they are shutting down a division that made customers happy. Is this a surprise? Not to mention laying off a whole bunch of people just before Thanksgiving. But hey, at least they have Tom Brady and Formula 1. SMDH
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What could go wrong?
Gilly Beans is toast. Stock at $1.50 means he’s got no more flywheel momentum in the right direction. In fact, flywheel is accelerating in reverse. At this point if you’re still employed by Hertz, the joke is on you!