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10:28 AM
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HUGE ground shift in a multi billion dollar industry
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[quote:Hairy man:MV81MjkyMTk5Xzk3NTUyMjAzX0M4MzEzNTA5] [quote:TerraFirma's Esoterrorist:MV81MjkyMTk5Xzk3NTQ5MjgxXzQ4NzcwOUM=] Wow, I was in High Point, NC a month ago. It was known as the 'furniture capital of the world.' I wonder if they are FTX bagholders? [imgur]https://imgur.com/a/tlLY3VF[/imgur] [/quote] [/quote] I don't think so. This was a case of major fraud coming from some high level executives. Maybe to the tune of 100 million dollars. We will know soon. [/quote]
Original Message
I'm in the furniture industry. LANE furniture, that has been around for close to 100 years, closed abruptly. This is one of the top 2 biggest furniture manufactures in the United States. They sent an email out to all employees 2 days ago terminating them effective immediately.
More than 2500 employees out of work right before the holidays.
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