Hope you weren't hanging on to any worthless stock. It finally hit the fan today
Hertz plans on borrowing $4 billion
$4 billion to spruce up fleet, digging a deeper and deeper hole.
Do you really believe?
C’mon guys. Does anyone in the company REALLY believe our leaders need another bonus to fix the mess we are in? Isn’t that the reason they were hired? Instead they feel entitled to more and have done absolutely nothing in return to help save the... — read more
Covid surge worldwide
With covid surging again world wide and winter travel season in danger, will Hertz have to keep shrinking to survive? The $1.7 billion loan is helpful but again it's borrowed money. How much more can you borrow to survive through another wave of... — read more
Hertz won't exist in a year
There won't even be a swan song. This Titanic is ready to sink and there's no stopping it. If you're smart, you'll be gone before that happens.
8 million in bonuses
Who is getting them?
Will everybody know on November 5?
I know people whose locations are closing will know by November 5 they are affected, but what about the rest of us? We know layoffs will be much wider - will it all be done on that date or will we have to wait longer to find out? I seriously doubt... — read more
Mass layoff for Car Sales incoming
You heard it here first... sorry guys.
November cuts
Are they happening? Who'll be affected?
Hertz May Be Buying Cars...
But we finally have 1 less Porsche!
Apollo has Hertz in chokehold
The Apollo DIP loan is a joke. Apollo has Hertz nutz in a vise. Paul is so desperate!
Financing Has Come Through!
More than 1.65BB dollars coming in. The champagne corks are popping in Estero and Big Bob is salivating as he makes his way to the trough.
Top 30 locations
How many managers do you have at your locations and how many rentals are you doing a day??
Is anyone surprised?
Hertz filled the leaderships ranks with people with no industry experience. None. Every Single top and mid level position, zero industry experience. And did this for the better part of last 7 years. And told us the way to run car rental was with... — read more
JD power award
How in the heck did Hertz win again?
Any news from Estero?
Anyone working at Estero with news for us? Restructure plan still in the works?
New Airport Manager
I left my previous job of 6 years to take what I thought was going to be a great airport management job with Hertz. I started about five weeks ago and I am bow really stressed. I didnt do my homework, and now learned about tbe bad state of finances... — read more
Proof of claim packet, what is it
What is the proof of claim packet that we received in the mail last week, I tried calling and noone answers..
Delisting on 10-15-2020
It's over people. HTZ to be delisted next week.
Just got laid off
I worked in sales and just got the word today. Whole sales team must be next. I think we just lost a big account...
RM Hate Week
Let’s post our favorite revenue management hate stories. We know they are terrible and don’t actually do anything, but let’s share some laughs.
Hertz Lost State Farm - Liquidation Next
Think I’m lying? If we re-signed as primary, they would have sent out 529363629 public announcements. It’s way past due for an announcement. They are keeping it hush-hush while they liquidate. If they told you all, everyone would just give up... — read more
Late Night, Come Home
Hertz S—s, I know.
On its last leg
I joined the company back in 2012 right after it purchased dollar thrifty. Hertz was a name brand back then, respected throughout the industry. Now 8 years later, the company has gone through layoffs, bankruptcy, restructuring, etc. I just don’t know... — read more
What will Hertz be like in 10 years?
Been with Hertz for 3 years and I love working here. I just bought a home, and I'm working hard to complete my MBA. I'm really worried about losing my job. What does everyone think Hertz will be like in 10 years?
We should not be trying to keep this leadership
Couple million to keep lousy leaders onboard in the grand scheme of things IS something. They broke it, no need to reward them in excess to what they already lined their packets with for retention bonuses paid. If they are not working for the best... — read more
Other rental car companies weren’t positioned like HTZ before covid.
The reality is whether it was Mark F with the restatement bc he cooked his books to pay very large bonuses to middle management and senior management or John T with his genius pricing strategy like the airlines or then the most recent Kathy and Paul... — read more
Bonus Money to Keep Senior Leaders
With another high profile executive exit, it's clear that we need to go back to the judge and demonstrate the need to pay retention bonuses. The work ahead is hard and the road ahead is very uncertain. Is it now clear that some additional bonuses... — read more
New CHRO
Wonder if the new CHRO will be any better than the incompetent bully that’s been running the show. You might want to stop kissing his A@& and start doing your job. Take a look at you leadership team and the lack of experience they have in their... — read more
Read the Writing On the Wall
When the guy at the top in charge of finance leaves the company on his own for another opportunity, he knows what’s coming. First Jamere, now his replacement. These are people with intimate knowledge of the bankruptcy proceedings. Heed this warning... — read more
Restructure plan?
Anyone from Estero with info on restructure plan? Everything has been too silent and VPs keep saying we're about to come out of bankruptcy soon.
Poll: Are you actively seeking employment elsewhere?
Upvote for yes, downvote for no Comments are fine too.
Clueless
Why do these top people think that they deserve a large bonus. The small people did not get raises before the pandemic they did get a bonus But they always think about their dumb a–.
Too many senior management
Directors, Directors, Directors, Directors
Good Luck Tomorrow Estero
That office will be a COVID cesspool within a week. Hillbilly Paul continues to make reckless and dangerous decisions that put the employees at risk. Look around, you jackass, Gartner is closed until 2022. No other company is returning to the office... — read more
Dollar/Thrifty almost gone
Here in Phx, we suddenly moved to the Hertz counter and said it was temporary because our lines in all 3 brands were too long for the staff to handle each brand so now we are doing all 3 brands at the Hertz counter and the lines are worse, they took... — read more
Leadership
Hertz leadership is key to its survival. The leaders need to pay close attention to the operating staff who are actually doing the work and servicing the customers. These folks need incentives to work harder for the company, otherwise it’s over... — read more
No Executive Bonuses
Bankruptcy judge declined it. Haha GFYS Paul!!
HLE GMs and BMs jumping off the ship
Around the country many are quitting without replacements to take over. How much longer can the ship stay afloat without anyone at the wheel?