And another company has joined the despicable party, the party of despicable practices that has people leaving and getting fired in droves.

For what reason?

To increase shareholder support by manipulation and by lying and by ultimately agreed at the expense of the everyday worker.

So what is happening exactly?

So I've got several messages from Lowe's associates all talking about what is happening, 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.

Bob Axe.

Oh, my gosh, when you see some of these things in here, some of the shocking revelations it's gonna blow your mouth.

But we're gonna jump directly into the associate messages, which caused me to research a lot and find out some shocking, shocking info.

Lows is not what we thought it was.

It's almost a cz bad.

Ethically as Gamestop, I'm not even lying.

But before we get into it, make sure you give this video of thumbs up doodle.

It means a lot to me and make sure you subscribe.

If you haven't, 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.

1st 1 I have a low story.

I'm just so devastated.

So I asked for the story.

They say I have been at Lowe's since 2007.

12 years.

Things have been weird lately.

Store manager won't talk to me.

Everyone is on eggshells.

The company is struggling and morale is down.

I walked in a work last week and was taken into an office and told I was being laid off.

No notice, Nothing.

12 years.

So you're thinking to yourself.

Okay, so you work full time somewhere for 12 years.

What's gonna happen after this?

Well, of course you're gonna You know, you don't have a job, so that sucks.

But at least you'll get severance.

That is a good thing about working full time.

Somewhere for a long time, you're gonna get severance.

Oh, what's 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.

12 years?

No severance.

Wow.

12 years wasted is what that means.

Instead, they would give me two weeks of pay to help me find another job.

Well, that's really generous.

Two weeks, surely, if you're making $28 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 Resource is at Lowe's as well.

They gave them a whole year notice for that an entire year.

They gave your everyday normal associate full time.

Zero.

Why the company's always do that?

Why is it okay for a company to give zero notice?

But it's it's frowned upon when a worker doesn't work out a two week notice.

Why is a worker on everyday person held to a higher standard than a corporate company worth billions?

Strange, he says, To add insult to injury, they said I could reapply for lows, but I would lose all my built up benefits, and it would be for $12 less an hour.

Well, I live paycheck to paycheck.

I don't know how I'm going to pay my mortgage or anything.

I'm 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 in 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.

Isn't that insane?

That is literally like to squeeze the juicer.

Remember, we talked about the juicer in the Amazon.

Siri's.

You're juicing your associates like producer.

That's what they're doing.

They just use them up and throw them away and discard them.

Human beings breathing, living human beings.

Next one.

Kim, I've been watching you for a while.

I was just fired from lows after five years out of nowhere.

I am full time and they're 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 won't Wow, for nearly minimum wage 1/3 of what I'm making now, he said the company can't 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 was it lead to?

Well, it leads us in to this right here.

Lows spent billions on share buybacks and zero on severance for laid off workers.

Shocking.

So this is what happened after I research.

We find out a lot of crazy stuff.

Lows 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 was because they're manipulating it by buying shares back so it increases desire for other shareholders to jump on board.

The home improvement chain isn't offering severance toe laid off workers, some of whom have been lit 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.

Lows has roughly 300,000 ploy ese 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 and the company's quarterly dividends to his workers efforts.

So he's giving all the props to his workers, increasing profit and doing amazing, and they're the greatest asset But But what's this right here?

Yet?

When thousands of those workers recently got the boot, they received no notice and no severance.

Instead, Lows, a profitable company that spends billions buying back its own stock, offered the equivalent of two weeks transition pay.

Two full time workers, some with the company, more than a decade.

Laid off workers were also invited to re apply for a job at Lowe's.

Don't 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 associates, a full time associate, and not give them severance or anything that is insane.

They gave you their life a good 2030% of their life.

They gave it to you and you gave them nothing, absolutely nothing except for your greatest accent.

By wow, that is insane to me, that is in ST right here, says labor activists contend Lows 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 lows 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 lows workers about what's happening within the stores.

These workers cited a number of moves that they said have driven out long time workers and eroded employee support systems lows 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.

Lows release 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 is in many cases offering the opportunity turns transition into other roles in our stores, except you're not doing that.

You're laying them off, giving them the opportunity to apply for lower positions because you don't want to pay him a CZ much.

But what does lows think about these morale issues in their stores?

Well, I got an exclusive look that you're only going to 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, company being down a lot of changes and just never got your ideas.

I have that.

You know what's weird?

Good question.

And it was not necessarily a true reflection of that happening.

I think I have shocking.

They talked to a handful of the senses in, like, one location and from some of the changes we've made definitely back writhe.

So that is, Look at this.

That is what every single company does.

They say, Oh, well, they they talked to some disgruntled employees or some employees or just two employees, so that's doesn't actually reflect anything.

And it's not true.

That is what every single corporate company does.

It's almost like they have a handbook on what to say.

Toe tryto handle PR nightmares when in actuality, it's thousands of people.

You can actually go to the Lowe's read it, go to the Lowe's workers, read it, and everyone's complaining about lows, not just a sample size of two people.

So that's what the CEO thinks.

He thinks that morale is down because it's actually not down.

Now that is some experts schooling on his part.

He's got an incredibly good education, education, education.

But I said at the beginning, I have some shocking info to release some shocking info that hasn't actually been confirmed by Lowe's or anyone.

But we're gonna confirm it right here on this channel, something that is destroying morale across Lo's something that Gamestop did when I was there completely to a T.

And what is that exactly?

You know what I'm about to say?

Let's get into this message and this is gonna blow your mind here.

We g o anyone talked to you about Lo's, yet?

They say so.

I have been at low since 2010 and we usedto have commission, which I really enjoyed Well, in 2012 it was taken away and replaced with an allowance, shocking something that most corporations do.

They're like out.

Never mind.

We have people making a lot on commission.

We'd rather just not paying that much, because screw that.

We don't want to give our associates any incentive to do work.

We're just going to give them the incentive of not being fired.

Fearmongering doesn't work, son.

So he said it didn't bother me, but it wasn't a big deal, said today.

I was taken into an office and told that all associates were losing this allowance.

So this huge part of my check 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 paycut hitting the stores first thing next year lows 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.