We shall see where the future leads Specialized----8% layoffs

[GuruUno]

Specialized laying off 8% of its employees

MORGAN HILL, Calif. (BRAIN) — Specialized announced Wednesday that it is laying off 8% of its workforce in what the company called a “transformation.” The layoffs are across the company globally, including at company-owned retail stores in the U.S. and overseas. Public filings show that the...

www.bicycleretailer.com

 

[Jim in Central CA]

I can't say I am surprised as many portions of the economy are slowing down and this is just more evidence of that.

 

[GuruUno]

Hopefully, one of the positive aspects is that maybe they will fire that A-Hole Nathan in "Rider-I-Don't-Care"....life will be so much better without him!

 

[Deacon Blues]

What I'd like to see is Specialized (and all other major bicycle manufacturers) reduce their prices. Inflation has had a impact on the price of bicycles, but new bike prices have far exceeded inflation increases.

 

[Nomad]

The question is the 8% just normal or is it something that should be deeply look at?

 

[GuruUno]

The question is the 8% just normal or is it something that should be deeply look at?

Who is to know, quite frankly, there is a lot of stagnant/dead-wood, know nothing associates, so if they get rid of those....we'll all be much better off.

 

[kahn]

“We are transforming the company around our purpose to Pedal the Planet Forward,” Specialized CEO Scott Maguire, said in a press release Wednesday."

Just pedaling the planet forward a bit more slowly.

"Specialized told Oregon that layoffs in that state involve two graphic designers, one digital designer, two web developers, a marketing manager and a product manager. "

I suspect similar layoffs up here (WA) since I'm not aware of any Specialized retail shops in this area.

Hopefully, those folks can find other employment quickly.

 

[rochrunner]

About every company that had boom times during the pandemic and shortly afterward is facing sales slowdowns and laying people off: GoPro, Peloton, REI, Specialized, Zoom, etc., etc.

 

[Deacon Blues]

With these news releases it's not clear if the layoffs bring the companies number of employees back down to pre-pandemic numbers, or lower.

 

[Nomad]

With these news releases it's not clear if the layoffs bring the companies number of employees back down to pre-pandemic numbers, or lower.

In reality if it did bring them down below it would be normal as a dip in sales makes sense with all the used bikes out there.