Fender Musical Instruments reviews about "layoff"

Layoffs five years in a row. Management changes direction seemingly every time the wind blows. Upper management keeps promoting itself, while employee wages fall farther and farther behind (1% raises, anyone?). Generous bonuses for management; nothing for the people actually accomplishing all of the day-to-day tasks. Employees can't count on even modest 401(k) matching. Not ALL of the good people have left. . . yet.

Upper Level Management a mess now. Large layoff recently. Happy I left, but looking to come out of retirement at Yamaha.

They DO NOT care about their employees. People are underpaid and they write it off as having a “cool job.” There is no growth. They’ll most likely put someone younger or inexperienced over you and make your life miserable. They are consistently doing layoffs so your job is never safe. Upper management is awful and only cares about bringing home their bag of money and will screw you over while doing it. Their entire upper manager mgmt team is white males and everything they do is insanely white male centric. They hired a ton of diverse employees and then laid them all off from the marketing and AR teams. Women get no respect unless you’re a woman who hates other women at the company. Be prepared to have your work stollen by upper mgmt, a really low raise (or no raise at all), and then to be let go… again seems cool but this place is AWFUL. OH and their severance is really bad so don’t except to make a lot of money here… unless ofc your a white male in upper mgmt.

The biggest challenge is career growth. Upward mobility is limited, and promotions often require taking on responsibilities from other roles before you're considered for advancement. You will be asked to act as a senior or next step for years before actually acknowledging and providing you with a new title and salary Compensation is also below market, with annual raises typically around 3% or less The company has experienced recurring layoffs, creating uncertainty year after year. Communication from leadership could also be more transparent. There were multiple instances where executive messaging changed, including around return to office expectations and organizational changes, making it difficult for employees to plan with confidence Over the past several years, many IT positions have shifted from the US to teams based in Mexico while US roles were reduced. Regardless of the business rationale, this has changed the makeup of the organization and created concerns about long term career opportunities for US based employees Employee investment has steadily declined over time. The company reduced its 401(k) match, eliminated employee bonus opportunities, and no longer provides the same level of support for employee resource groups. While each change may make business sense individually, together they contribute to the feeling that employee development and engagement have become lower priorities HR support during layoffs was inconsistent in my experience. Communication was often slow unless issues were escalated, which added unnecessary stress during an already difficult process. Employees should also carefully review company policies regarding severance and unused vacation so they understand what to expect before they need that information

New CEO came in brought in his cronies and Got rid of most of the long time employees.Mass layoffs.

You will be handling the workload of 2-4 people minimum , especially now a they have done second round of layoffs. Pay employees more and hire more people, many of us left because workloads were unbearable.