Does anyone know about talent reorganization coming in 2025?
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@OP the best thing the board can do is get rid of Marvin
Ellison he was a pass over at Home Depo and Lowe’s was foolish to pick him up and buy his 🐂💩. He will destroy the company and we will see how he destroys store level operations. Have the DM are running scared for their own jobs and pressuring store teams and canning hard working productive employees. I predict the worst is about to come this year.Buckle up Butter Cups this company in for a rough road ahead. And the reason they buy stocks back is to manipulating the EPS!
Reason: Boosting Earnings Per Share (EPS)
The most direct motivation for buybacks just before earnings is to increase reported EPS. EPS calculates as net earnings divided by the number of outstanding shares. By repurchasing shares beforehand, a company reduces the denominator (outstanding shares), making EPS higher—even if total net earnings remain unchanged. Marvin
Ellison is covering his ( ! ) by manipulating the EPS to keep his job. LOWES BOARD OF DIRECTORS WISE UP!
Probably going to cut all selling depts to one specialist except Pro and eventually get rid of the specialist position with the exception of Pro. I noticed in company policy it classifies full time as 30 hrs or more. That will be the next cuts. Reduction in hours for full time.
My comment is based on my store …millwork and flooring depts …sales down - sales specialist in those department have been recruited from the front end, which are cashiers no background in those departments and no training …. Those sales specialist use appliances and the front end “Per their description to pad their sales “ they do not stay in those departments to try to learn and or to excel at sales…… ?????? So I ask what is the Fate in the future? For Those departments….. I do know that those departments are going to central selling
Quit buying back stock. The stock has barely moved except when these buybacks take place, and then it's only a temporary move. The stock price has hovered at the $260 mark for the majority of the year.
I thought last year that they would do a reorg but with the results from this year, the odds have definitely gone up.
The problem with cutting at the store level is that at the moment there’s d@mn little to cut. I don’t know about any of you or your store but we are running a skeleton crew. There’s no associates in half the departments right now as it is. Where are they going to cut? Upper management? Maybe. Our store never did get the MST ASM position so maybe they’ll decide to cut that? It won’t affect us but they’ll save money in the stores that do have them. But that’s not going to make much of a dent in the problem.
Here’s a radicle idea. Don’t cut any more. We’ve clearly cut too deep in the stores and it’s hurting our sales at a greater rate than it’s saving us money. Start increasing staffing and wages. It’s the only real way to get better sales in the stores as the results from this year clearly illustrate. Doing another short sighted reorganization isn’t going to do a thing for us.
Oh, and here’s another idea. STOP PUMPING BILLIONS INTO STOCK BUYBACKS! Yeah, I know that it gets Marv and his crew big bonuses at the end of the year but it’s not improving core performances. It’s a ridiculous waste of money and for a company that’s struggling as we clearly are. It’s absolute foolishness.
The company did not perform well yoy from 2023. Since the business is contracting and not growing, the only way to increase profits is to cut expenses. As always, the stores will be where the cutting will take place.
Speculation time. I’m thinking less specialists, few that remain will take multiple departments. Increased role for fulfillment with greater control and scope of responsibilities. Decreased footprint in the backend, apps seem focused on lessening staff in receiving. CSA will be shared amongst departments.
To much upper mgt… eliminate 1-3 asms per store. Mst asm gone too. Department heads going back to a service manager model. No back end supervisor. New roll out for pro. Reduced number of specialist.
Closing stores ,online is the ONLY growth .Has been for many years .1900+ stores ?
My guess is Millwork and flooring departments
If anyone has more insight please tell……
"talent reorganization?"