Thread regarding Restoration Hardware Inc. layoffs

Big Layoff at RH

After extremely bad decisions from the CEO, RH is in a downward spiral. Expect up to 300 layoffs today.

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Our department was shut down without any notice. 8:30 a.m. meeting to tell 35 people they no longer had a job, but they paid everyone for the full day!

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The last two months has seen two warehouses close for RH. A facility in Dallas and Mira Loma.

Hundreds of lost jobs...........................Merry Christmas

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The last two months has seen two warehouses close for RH. A facility in Dallas and Mira Loma.

Hundreds of lost jobs...........................Merry Christmas

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Large layoff at the Costa mesa stores, Again no raises, but Our wonderful CEO spends mega dollars opening these Mega Galleries. As the other stores suffer to make up the difference. I don't see the Store leaders bringing in more money. Its All Greed...Hope all had a very Merry Christmas with no pay in Hand....

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Man did you get the title right on the money here (i.e., "Big Layoff at RH - After extremely bad decisions from the CEO, RH is in a downward spiral. Expect up to 300 layoffs today"). After an internal memo (in all caps) went public, we now know that he ordered all of his associates to "do whatever it takes" to "Delight the Client", and apparently his people did just that. Now it's the people who did exactly as they were told, that are paying the price for the CEO's 'extremely bad' decisions ...with their family's livelihood. Considering that -- in his public statements this month -- he said he would make up for $20M of the recent losses through "streamlining", and that RH pay is notoriously for low pay, I did a quick calculation of how many layoffs will be required, (at $30K per position). Ironically, when I entered my data and hit the equal sign on my calculator, the number came up as 666.666666 -- how apropos.

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There has been 1 supervisor the trainer and over 12 people fired at the Dallas csc. This is crazy.

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CEO blames poor sales on stock drop. Then admits that no spring-summer items were ordered. No wonder sales were down. They are going to concentrate on fall!!! Are they stupid or what. Maybe brilliant? Trash the stock price so you can make 300% again!!! I see everyone knew when to sell out!!!

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West Jefferson Ohio warehouse lost 5 managers and 5 leads on 9Jun16. More to come if investors keep wanting more and more!!!

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Bad stuff going down at RH most raises and bonuses were non existent after employees were told there would be no layoffs for that reason. Bam. Tons of people got layed off regardless...

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Huge layoff after CEO continues extreme spending on Mega Galleries he likes to call compounds.

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