Moda Operandi reviews about "layoff"

Over hiring Turning the company into a "tech" company while removing all employees with insights to fashion Not profitable Multiple layoffs in the past two years

senior leadership is completely detached from and inexperienced in managing creatives and treats individuals like they are disposable. very little to nonexistent growth (both in roles and compensation). Studio and creative teams feel completely separate from the rest of the company. No inter-departmental communication or transparency, despite teams being significantly thinner due to covid layoffs.

Over the last couple of years, many toxic cis-men (exclusively White or Indian) have run this company into the absolute ground. Moda is not failing because of any harm committed by Lauren; actually, she is the only one at a leadership level at Moda that approaches anything from a customer-centric lens. This company is failing because Ganesh came on board, blew through $150M in a year hiring hundreds of bad candidates at every level (CTO, SVP, CPO, VP x 10) and pulling the company in a dozen unfocused directions: China, Marketplace, Men's Expansion, etc. None of these people hired have a clue what it means to run a retail business, what customers want or what luxury means. Yes, Amazon and Wal-Mart makes for an impressive CV, but how hard is it to sell a book online? Be advised that the most recent round of layoffs is not due to COVID but because men at the top were grossly irresponsible. BEWARE of the leadership still at Moda after the last round of layoffs, specifically the King of Gaslighting COO. This man has many folks at the company fooled with his charm but he is a snake. He lies to people's faces, intentionally gaslights, and demoralizes. Saying things such as "winners win" is toxic. Read a book on servant-leadership. I encourage everyone to look into this man's social media habits-- shocking someone that openly follows "Deplorable" accounts on Twitter, and regularly likes hateful accounts is lauded. The last thing I will add is that I have never before witnessed so much pathologically bad behavior at the VP and above level tolerated and condoned at a workplace. Any crony of Ganesh from his Tesla days has been protected regardless of how terrible they are at their job or how much harm they inflict on others. The person running North America is another crony that has DOZENS of HR complaints, shady expenses, regularly doesn't show up for critical meetings or work, and is company-wide disliked but yet is still being rewarded and in her position. This is gaslighting and by c-suite standing by and being complicit in this behavior is why Moda will fail.

- Although PTO's unlimited, some legacy hires questioned your work ethic for taking time (even a reasonable amount and if there are plans to manage workload) - Moda was on the verge on bankruptcy, had massive layoffs, and has pretty much never been profitable...and it's not a young start up - Most layoffs were handled poorly (a la Zoom announcement over a year before Better.com made headlines for doing the same) - Layoffs aside, there's a huge turnover / attrition problem...for good reason - New leadership seems to be turning Moda into Neiman's (Jim is from NMG), may be harder for Moda to differentiate among etailers/retailers - Too reactive, and not enough strategy - leadership has barely communicated tangible plans / roadmaps over the last year - Moda says it's fashion tech...it's not tech - A lot of egos typical with fashion, but think it's getting better - Complaints from employees of color...one that turned into a lawsuit

Poor leadership. CEO completely failed on owning supply chain problems. He's just a sales person, not actually driving the company forward. He was just pretending "numbers look promising" when in reality the numbers weren't aggregated yet. Lot's of layoffs because of this.