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31 here and another company has joined the despicable party the party of despicable practices practices that has people leaving and getting fired in droves for what reason to increase support by manipulation and by lying and by it ultimately greed at the expense of the everyday worker. So what is happening exactly so ive got several messages from lowes associates. All talking about what is happening.
And what has happened to them personally and also some shocking things that have to do with certain pay cuts with certain position and also layoffs buybacks. Oh. My gosh when you see some of these things in here some of the shocking revelations its gonna blow your mind.
But were gonna jump directly into the associate messages. Which caused me to research a lot and find out some shocking shocking. Info.
Lowes is not what we thought it was its almost as bad etiquette as gamestop. Im not even lying. But before we get into it make sure you give this video a thumbs up doodle.
It means a lot to me and make sure you subscribe. If you havent we have a long way to go and we have to give everyone a voice and i need your help to do that so here we go first one i have a love story. I am just so devastated so i asked for this story.
They say i have been at lowes since 2007. 12 years things have been weird lately store manager. Wont talk to me.
Everyone is on eggshells. The company is struggling in morale is down. I walked into work last week.
And was taken into an office and told. I was being laid off no notice nothing 12 years. So youre thinking to yourself okay so you work full time somewhere for 12 years.
Whats gonna happen after this well of course youre gonna you know you dont have a job so that sucks. But at least youll get severance that is a good thing about working full time somewhere for a long time. Youre gonna get severance.
Oh. Whats this. I asked if i would get severance and they told me as much as it pains us.
We will not be offering you severance twelve years no severance wow. Twelve years wasted is what that means instead they would give me two weeks of pay to help me find another job well thats really generous two weeks. Surely if youre making 20 eight dollars.
An hour two weeks will help you find another job making close to that corporate companies are so out of touch two weeks. Funny they did a big layoff for human resources at lowes as well they gave them a whole year notice for that an entire year they gave your everyday normal associate full time zero. Why do companies always do that why is it okay for a company to give zero notice.
But its its frowned upon when a worker doesnt work out a two week notice. Why is a worker an everyday person helped you a higher standard than a corporate company worth billions strange. He says to add insult to injury.
They said i could reapply for lowes but i would lose all my built up benefits and it would be for 12. Less an hour. Wow i live paycheck to paycheck.
I dont know how im going to pay my mortgage or anything im just so scared. That is absolutely insane. Absolutely in sane could you imagine working somewhere for 10 12.
15 years. Giving your everything your heart. And your soul to a company and then them literally taking you in the back and throwing you out the back door basically flipping you off isnt that insane that is literally like to squeak the juicer remember we talked about the juicer in the amazon series.
Youre juicing your associates like a juicer thats what theyre doing.
They just use them up and throw them away and discard them human beings breathing living human beings next one kim. Ive been watching you for a while i was just fired from lowes after five years out of nowhere. I am full time and they are not giving me severance.
We just heard that the manager actually laughed. And said i could reapply for part time as a cashier if i wont wow for nearly minimum wage. A third of what i make now.
He said. The company cant afford to give severance. The atmosphere was so bad right up to that point another one a quick.
One the exact same story. What does this mean what exactly does this mean. And what does it lead to well it leads us in to this right here lowes spent billions on share buybacks and 0 on severance for laid off workers shocking.
So this is what happened after i research. We find out a lot of crazy stuff lowes is laying off thousands of workers after hiking quarterly dividends and spending billions to repurchase company shares. So you ask yourself wow.
Their stock is increasing very fast wells because theyre manipulating. It by buying shares back so it increases desire for other shareholders to jump on board. The home improvement chain isnt offering severance to laid off workers.
Some of whom have been let lows for a decade or more just like the guy that was there 12 years and i want you to see this and i want you to really really pay attention to this lowes has roughly 300000. Ploys. Who are without question the home improvement chains greatest asset.
According to their boss ceo marvin ellison. He offered a shout out at the retailers annual shareholder meeting in may crediting. A 15 boost in the companys quarterly dividends to his workers efforts.
So hes giving all the props to his workers increasing profit and doing amazing and theyre the greatest asset. But what but whats this right here yet when thousands of those workers recently got the boot. They received no notice and no severance instead lowes a profitable company that spends billions buying back its own stock offered the equivalent of two weeks transition paid to full time workers.
Some with the company. More than a decade laid off workers were also invited to reapply for a job at low snow. Not necessarily for the same pay exactly what the people sent me in the stories.
What kind of piece of garbage company. Would fire. A 15 year associate us a full time.
Associate and not give them severance or anything. That is insane. They gave you their life.
A good 20 30 of their life. They gave it to you and you gave them nothing absolutely nothing except for oh your greatest asset bah. Wow.
That is insane to me that is in sane right here it says labor activists contend lowes executives are treating the rank and file. Poorly while lining their own investors pockets through share repurchases and cash dividends. But then where does that lead us.
I did some more research. Where does that lead us that leads us to lowes employees. Saying morale has crushed within the home improvement.
Giant stores in recent years in recent years. Morale is reaching an all time low business insider. Spoke with six current and former loads workers about whats happening within the stores.
These workers cited a number of moves that they said have driven out longtime workers and eroded employee.
Support systems loads. Employees say. The company has recently eliminated a number of specific roles.
Including hr managers. Assembly associates and maintenance staff store workers characterized the restructuring as a milder form of layoffs lowes released. A statement saying when we make changes to specific roles.
We make every effort to retain associates including providing the option to apply to open positions in the company or as in many cases offering the opportunity to transition into other roles in our stores. Except youre not doing that youre laying them off and giving them the opportunity to apply for lower positions because you dont want to pay him as much. But what does lowes think about these morale issues in their stores.
Well i got an exclusive look that youre only gonna see here of the ceo in a video basically saying. What he thinks about the morale issues in his stores. That he is the ceo of i apologize for the audio.
It is terrible. But it was hard getting this so i apologize here we go music music music. So that is look at this that is what every single company does they say oh well they they talk to some disgruntled employees or some employees or just two employees.
So this doesnt actually reflect anything and its not true that is what every single corporate company does. Its almost like they have a handbook on what to say to try to handle pr nightmares. When in actuality.
Its thousands of people you can actually go to the lowes reddit go to the lowes workers. Read it and everyones complaining about lowes not just a sample size of two people. So thats what the ceo thinks he thanks to that morale was down because its actually not down.
Now that is some experts schooling on his part. Hes got an incredibly good education edge educate education. But i said at the beginning.
I have shocking info to release some shocking info. That hasnt actually been confirmed by lowes or anyone. But were gonna confirm it right here on this channel something that is destroying morale across lowes something that game stop did when i was there completely to a tee and what is that exactly you know what im about to say lets get into this message.
And this is gonna blow your mind here we go anyone talked to you about lowes yet they say so ive been at load since 2010. And we used to have commission which i really enjoyed well in 2012. It was taken away and replaced with an allowance shocking.
Something that most corporations do theyre like oh nevermind. We have people making a lot on commission. Wed rather just not paying that much because screw that we dont want to give our associates.
Any incentive to do work were just gonna give them the incentive of not being fired fear mongering doesnt work son so. He said it didnt bother me. But it wasnt a big deal said today.
I was taken into an offer and told that all associates were losing dis allowance. So this huge part of my cheque was being taken away it accounts for a huge portion even after the company said. They would never take away the allowance.
The pay cut has completely killed morale tons of people are leaving and i am too thought i would share my story. So you heard it here first folks a giant pay cut hitting the stores first thing next year. Lowes is cutting this huge pay from all these associates.
Why so they can spend billions on buybacks and get that stock price higher to get more people to invest to line their own pockets with yachts and ferraris and dont get me wrong i like a good ferrari and a good yacht. But thats messed up and why is it legal. It seems like every single corporate company does the exact same thing they do corporate buybacks.
They line the pockets they get the hell out of there. And thats what theyre doing at lowes right now. And what theyre doing a gamestop so about that message.
I just received it said next year lows.
Employees say the company will also do away with its allowance. A change that affects a small group of long term employees who earned spiffs or an immediate sales bonus and commission on sales before 2012. Lowes did not confirm that it was going away with these allowance.
So there it is this guy just confirmed it right now these associates. They dont even know it yet youre hearing. It here theyre losing this allowance that theyve been given that they probably rely on to get through every single week and theyre losing it lowes doesnt give a damn they aint even gonna offer you several its fine.
Its fine and the funny thing is when the allowance was actually announced. It said when will this allowance go away. The allowance will be eliminated for an employee at the time of a position change from an hourly to store position to a position that is ineligible from an hourly position to a salary position in the store from an hourly position to a position at corporate dcs or other non store entities.
So that right there that document says that this allowance will never go away. If youre in the same position. But now they announced theyre taking it away.
Which is two faced as hell. Its two faces hill thats like saying hey. This is your new page structure and then saying.
Its not going in where. And then redacting that and just taking it away just taking it away. We dont care about you you aint getting severance.
This is crazy to me. Its absolutely crazy they fired their hr store staffs. They fired their maintenance staffs theyre firing thousands and thousands and thousands of their greatest asset of 300000.
Associates. That they attribute all their success to fired thousands of those thousands among thousands with no severance full time associates with no severance. Something that i honestly think shouldnt be legal in a developed country should be illegal.
If you get fired with no notice. You should be given some sort of severance to help you basically react lm. Eight to the world if youve been somewhere for fifteen years thats like being in prison how are you gonna react lm eight to getting a resume together and you know get going you know im saying you need severance thanks to that nature so it just goes to show.
Its another corporation that doesnt give a damn about it so associates doesnt give a damn and if you say anything negative about it well that doesnt reflect their business lowes doesnt give a damn theyre following the dangerous path of shooting. Their employees in the face and expecting something good to happen. Its literally the picture you ever seen the picture of the manager.
Thats shooting. A good employee in the face and then hes gonna fall off the cliff. Thats what lowes is gonna do thats what theyre doing right now thats what gamestop is doing thats what every company is do they think they can punish their frontline people directly responsible for their profit.
They think they can punish them and nothings gonna happen. But unfortunately something will happen thats not how you do it people that give you profit you need to treat them with respect and reward them how they deserve a few million dollars will go a long way instead of spending. An extra couple million on share buybacks.
Its not that big a deal just do the right thing. Thats all you have to do is just do the right thing. Its not that hard holy hell.
I saw a cat. The other day and it was in the middle of the road and i stopped and i put put the cat not in the road. Do the right thing he might have been hit later.
But at least. It wasnt by me so what do you think about this do you work at lowes you work at somewhere like that do you work anywhere amazon game stop mcdonald you work at a car dealership send me a message. If you work at lowes specifically send me a message.
Lets get some more stories out there you deserve a voice because things are happening within your company. And i want to know about it and i want people to hear about it and lets create a stir maybe lowes will fix it if enough people to get their voice out so make sure if you like this video. And you believe in the cause to subscribe and give it an up noodle means a lot to me and make sure you get on it doggone it ah its appropriate.
Its appropriate. Because the videos back to home things yeah music applause music. .
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