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    J.Crew Executives Cut Negative News After Layoffs

    2015/6/23 18:21:00 26

    J.CrewBusiness ExecutivesLayoffs

    At the beginning of this month, J.Crew GroupInc. issued a very bad 2015 quarter first quarter earnings report, the group group once again appeared 341 million dollar high value reputation impairment, simultaneously J.Crew brand also has 190 million dollar non cash write down, caused the first quarter huge deficit 462 million 400 thousand dollars.

    In the three quarter of fiscal year 2014, the group had recorded a huge loss of $608 million due to the impairment of goodwill of $684 million.

    In the past 5 quarters, J.Crew GroupInc. has four seasons.

    loss

    The total deficit amounted to US $1 billion 130 million 700 thousand.

    Social media is risky, and blueprint needs to be cautious.

    J.CrewGroupInc. announced the dismissal of Alejandro Rhett, vice president of menswear business, because AlejandroRhett had been in a bar Carnival within a week after the company announced massive layoffs, and uploaded some Happy photos to instagram with some frivolous tag.

    J.Crew GroupInc. issued a statement condemning the above actions of Alejandro Rhett, saying the company would not tolerate such acts, and its personal behavior does not represent corporate culture, and said that this week's layoffs are a "difficult decision" for the company.

    corporate performance

    The difficulty is not "relaxed" shown by Alejandro Rhett.

    Last Wednesday, in view of the weak sales of the flagship brand J.Crew women's clothing, J.CrewGroupInc. fired the chief designer of the J.Crew brand women's clothing TomMora, and appointed the chief designer of the Madewell brand in the past two years to lead the brand's rapid growth of SomsackSikhounmuong replacement. Then on Thursday, it announced that the group had cut 175.

    Head office

    By streamlining operations to rectify continued business downturn.

    As for the 175 posts being reduced, it accounts for about 12%-13% of the staff of J.CrewGroupInc. headquarters.

    Among the employees who were laid off, it was reported that they included AlejandroRhett's subordinates.

    After several hours of layoffs, it was said that at the end of last week, AlejandroRhett uploaded some bars from the social network to celebrate "photos" to the social networking application Instagram, supplemented hungergames, #orthewin and damnit feels good to be agangster and other labels, suspected to be celebrating the layoffs themselves, and won another "colleague".

    The incident caused a great uproar on the 17 day after the New York post. At present, the retailing industry in the United States is struggling due to the slow recovery of the economy. Most retailers have streamlined the cost plan and begun to lay off staff.

    AlejandroRhett's "misconduct" is considered by the company's insiders to be very untimely and unjudgmental, and it is said that AlejandroRhett's behavior will not be "forgiven". At present, the company is in a tense atmosphere and can hardly see a smiling face.

    According to the behavior of AlejandroRhett, many netizens commented on the Internet edition of the news report that he will become the next J.CrewGroupInc. employee to be fired. As expected, it is not clear whether VanessadeJesus has been fired, but there are reports that she has not been spared.


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