People don’t realize how badly the real economy is doing.

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by Conscious-Quarter423

20 comments

  1. I wonder if this will become more common as other companies pick up on it.

  2. I’m from CLE – SW just built a new skyscraper downtown that’s been an entire shit show.

    They just recalled all their employees back into the office but they don’t have the parking space for the new employees either – plus all the employees have to pay for parking now supposedly.

  5. Wife got laid off in January, still has no job, benefits ran out in 6 months. Job market is the worst I have seen since 2010.

  6. Shiny skyscrapers cost a lot of money. Bet forgoing that little extravagance could have added some favorability to the ol P&L.

  7. If only there was an effective legal mechanism for a large scale petition to sue Trump for the avoidable damages he’s caused. Of course, the biased Supreme Court would never entertain it. They need to be sued as well, for lack of impartiality and flawed legal reasoning in their latest case verdicts.

  8. Removing a 401k match oof. I’d be looking for a new job ASAP.

  9. So, SW one-sidedly violates the terms of their hiring-compensation agreements?

    Is this “legal” at all? (not that they’re following *laws* now, but…

  10. Saw a mid level SWE posting from Sherwin williams that must’ve been up for about 4 years.

    I guess that looks like planned expansion but not being able to get the team that would succeed

  11. I don’t think Sherwin-Williams’ problems are just about the housing market being soft. Yes, slower DIY spending and high mortgage rates hurt demand, but the company has made some questionable calls. They sunk almost a billion dollars into a flashy new HQ and R&D center, and costs ballooned. At the same time, SG&A expenses are rising even as revenue in their consumer brands is slipping. That’s not just “bad luck with the economy”, that’s management overextending, underestimating demand weakness, and not cutting costs fast enough.

    So when they suspend 401k matching, it isn’t just about sales being weak. It looks like they’ve locked themselves into heavy fixed costs, let overhead swell, and then got caught when consumer demand cooled. To me, this feels less like a housing problem and more like a Sherwin Williams mismanagement problem.

  13. .. except for the Americans with mortgages and student loans and rent payments and medical bills, and grocery store receipts but all the others are unaware.

  14. Even in the best economies, some companies will go under. It does NOT mean we have a bad economy. And FYI, there is no secret economy. Nothing is being hidden. Any normal person can just look at a few indicators and SEE how it’s doing. Always a conspiracy with y’all.

  15. They had to spend $50 million on their HQ on fixing an issue from THEIR PAINT! idiots told the GC to paint the piping wrong and now they have to fix it for $50M. This isn’t getting talked about enough.

  16. That’s because they’re believing what Trump says. Trump is trying to lower the interest rate while inflation is creeping up. Typically the government fights inflation by raising the interest rates to so less people get loans, that’s what Biden did to decrease the inflation caused by the “free” money during Covid.

  18. If you base your opinion on sherwin Williams which is a shit company, good luck earning money in the markets…

  19. When your paint is not as good as others but cost way more….hmmm

  20. In other news: “Sherwin Williams board of directors reports $5M bonuses to their senior executive board to help bolster 2026 forecasted sales”. /s

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