If the proposed restructure is true...I'm at a risk level 3 store, so I know Im getting wiped out!
Hope the company got a well thought out plan because there will be a lot of angry employees tomorrow morning.
And what about my bonus that I earned? what happens with that
So much for Marvin and his “transparency” mentioned in one of his podcasts.
Maaaaaan
A lot of y’all are screwed
Non salary means no severance
Area manager says you worry to much cause they aren’t losing their jobs. District staff should go away they s--- sitting on their lab tops and using cell phones in offices all day
tomorrow PSI lose their jobs
LP managers class 1-4 lose their jobs
LPSS lose their jobs
PSI coordinators lose their jobs (most deserve too)
I made a little over 50k as a LP manager for Lowes, yea it’s not six figures but I lived on it happily. I moved on about 4 months ago once the rumors started. Change happens, adapt and overcome. If you’re still a LP at Lowe’s and you get let go tomorrow, keep your head up. With the experience you have gained you’ll be able to find a job no time.
This is a business and a business has to make business decisions.” Yeah explain that to my crying 6 year old son who doesn’t understand we might have to pull him out of school to move back with my in laws
Such a c-appy attitude as if any company owes you anything. How about you explain to your 6 yr old why daddy hasn’t done enough to put his family in a better situation. You have no career and out making babies and yet that’s Lowe’s fault?
"Retail is not safe anymore"
Sad to say, it has not been safe for about 20 years.
The new chief executive of home-improvement retailer Lowe's Cos. Inc. will be paid a base annual salary of $1.45 million and receive stock options and restricted stock worth $6 million, according to a filing with the Securities and Exchange Commission.
Retail is not safe anymore
“This is a business and a business has to make business decisions.” Yeah explain that to my crying 6 year old son who doesn’t understand we might have to pull him out of school to move back with my in laws
This is a great company, but at the end of the day it is a business and sometimes business have to make tough business decisions. Lowes thanks for everything.
Refer to the company severance policy. It will clarify the policy by position.
Bonuses are safe per company policy.
I am a PSI and reading this breaks my heart :(
Look how much money would be saved by Lowe's if shrink bonuses weren't paid.
I'm set to full bonus as well.
I also think there won't be a severance since LP isn't salary.
Regardless, I feel lots of good people are gonna get bad news tomorrow, including myself possibly.
It’s really bad to be a top producing PSI and work your butt off for the store and company, especially when the store’s sales were down and your sales brought the store up. They counted on you. Your thanks for a job well done is take a position with a significantly lower salary. Thanks Lowe’s. Appreciate it. Maybe if they managed, hired experienced people and supported the program properly, they wouldn’t be losing their tail on it.
There are a ton of open positions in the stores now. DS and ASM. If you are a really a value add associate you should find a home. Companies have to change. Lowe’s is one of no major retailers with LP in every store ! Who knows if all this is even true at this point. Could be all rumors.
I know you’re upset, but maybe you’ll get one of the multi-store jobs. Or go back store side? Why do you think they’ve been stalling on adding these new management positions? There are going to be lots of opportunities for those who want to stay with the company.
Also level 3 expecting bonus from inventory.
I would like to know that as well... right now I am on track for a full bonus and I am also a risk level 3 store. Our ALPOSM told one of our LPM’s that we worry to much...