Tag: layoffs
Life in the Transition Lane
The words are supposed to be soft, but they hit like a ton of bricks, "You have been 'impacted,'" "Sorry, there is a reduction in force." Words hurt.
REI Lays Off 357 Employees Due to Declining Profits
REI CEO Eric Artz announced that the company is reducing its workforce by 357 people, including 200 working at headquarters, six in sales and customer experience, 3 in experiences, and 121 in distribution centers.
Dick’s Sporting Goods Lays Off 250 Employees after Blaming 23% Drop in Profits on...
Dick’s Sporting Goods announced a new "business optimization plan" that includes laying off corporate employees as a result of net income falling 23 percent to $244 million and operating income decreasing 32 percent to around $312 million.