Fender...more bad news

tahitijack

Joined: Nov 03, 2006
Posts: 693
San Clemente, CA
United States

Posted on Aug 05 2022 01:52 PM

Fender has issued pink slips to 300 workers at the Corona, CA plant. It's another sad day. We are living in rough times my friends.

—

Happy Sunsets!

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TheOutpost

Joined: May 26, 2020
Posts: 253
Highlands Ranch
United States

Posted on Aug 05 2022 02:24 PM

So sad. Especially because in 2020 they had a great sales year with all the new guitarists coming

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edwardsand

Joined: Jun 29, 2018
Posts: 743

Posted on Aug 06 2022 05:30 PM

Is this just more bean counter motivated cost-cutting where they shift more production to other countries, or are their sales actually declining?

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tahitijack

Joined: Nov 03, 2006
Posts: 693
San Clemente, CA
United States

Posted on Aug 06 2022 05:52 PM

It usually is. Don't try to fight the CFO you will never win that corporate battle.

—

Happy Sunsets!

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pdshane

Joined: Oct 26, 2008
Posts: 12

Posted on Aug 07 2022 10:33 AM

Doesn't look like a guitar guy to me. https://guitar.com/news/industry-news/fender-appoints-matt-janopaul-new-chief-financial-officer/

Last edited: Aug 07, 2022 10:38:33

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DannySnyder

Joined: Mar 02, 2006
Posts: 11048
Berkeley, CA
United States

Posted on Aug 07 2022 11:21 AM

This isn't a new guy, he's been around a bit...

Since 2001, Janopaul has also held various roles with Fender, ranging from investor and board member, to President and chief operating officer.

—

Danny Snyder

"With great reverb comes great responsibility" - Uncle Leo

Playing keys and guitar with Combo Tezeta

Formerly a guitarist in The TomorrowMen and Meshugga Beach Party

Latest surf project - Now That's What I Call SURF

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edwardsand

Joined: Jun 29, 2018
Posts: 743

Posted on Aug 08 2022 11:04 PM

pdshane wrote:

Doesn't look like a guitar guy to me. https://guitar.com/news/industry-news/fender-appoints-matt-janopaul-new-chief-financial-officer/

Yep = every sentence of that press release is standard corporate blather. He's there to increase synergy through best practices, leverage their historic strengths, and maximize efficiencies blah blah blah. They are a capitalist enterprise and their number one goal is to maximize profits, which is actually not far off from Leo Fender's operating principle.

The sad thing is that now they are going to reduce the hell out of production in California for the sake of profits. After all, this is the way all manufacturing has gone, all to shave costs. The surprising thing is that Fender kept making things in the US for this long. In the end, they will probably keep producing Custom Shop products here because people will pay that premium, but the rest will be made elsewhere. I'm sure quality of those products will still be good.

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TheOutpost

Joined: May 26, 2020
Posts: 253
Highlands Ranch
United States

Posted on Aug 08 2022 11:11 PM

It’s a bummer for the workers. But their MIM and overseas stuff quality is great.

I have been super into G&L stuff as of late and their quality and tone is phenomenal.

—

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Redfeather

Joined: Jul 30, 2016
Posts: 883
3 Download Pins

Posted on Aug 09 2022 01:18 AM

GGGGGGGGGGGGGGGG

&&&&&&&&&&&&&&&&

LLLLLLLLLLLLLLLL

The real Fender.

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futureboy

Joined: Aug 28, 2008
Posts: 115
East Coast
United States

Posted on Aug 09 2022 10:07 AM

I played a G&L of some sort in a music store many years ago and I remember the neck feeling great. The neck also had a satin finish to it. I wish I had picked it up. I don't even remember what model it was.

I hate the Fender factory workers are being laid off. I guess now that we aren't stuck at home that sales have taken a dive.

Top

TheOutpost

Joined: May 26, 2020
Posts: 253
Highlands Ranch
United States

Posted on Aug 09 2022 05:23 PM

Redfeather wrote:

GGGGGGGGGGGGGGGG

&&&&&&&&&&&&&&&&

LLLLLLLLLLLLLLLL

The real Fender.

I mean. Most recently yeah. Their MFD pickups are stellar.

—

Social Media
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tahitijack Joined: Nov 03, 2006 Posts: 693 San Clemente, CA	Posted on Aug 05 2022 01:52 PM Fender has issued pink slips to 300 workers at the Corona, CA plant. It's another sad day. We are living in rough times my friends. — Happy Sunsets! Top
TheOutpost Joined: May 26, 2020 Posts: 253 Highlands Ranch	Posted on Aug 05 2022 02:24 PM So sad. Especially because in 2020 they had a great sales year with all the new guitarists coming — Social Media https://www.facebook.com/TheOutpost/ https://www.instagram.com/theoutpostmusic/ Music https://theoutpostmusic.bandcamp.com/ https://soundcloud.com/theoutpostmusic/ Merch https://the-outpost-7.creator-spring.com/ Top
edwardsand Joined: Jun 29, 2018 Posts: 743	Posted on Aug 06 2022 05:30 PM Is this just more bean counter motivated cost-cutting where they shift more production to other countries, or are their sales actually declining? Top
tahitijack Joined: Nov 03, 2006 Posts: 693 San Clemente, CA	Posted on Aug 06 2022 05:52 PM It usually is. Don't try to fight the CFO you will never win that corporate battle. — Happy Sunsets! Top
pdshane Joined: Oct 26, 2008 Posts: 12	Posted on Aug 07 2022 10:33 AM Doesn't look like a guitar guy to me. https://guitar.com/news/industry-news/fender-appoints-matt-janopaul-new-chief-financial-officer/ Last edited: Aug 07, 2022 10:38:33 Top
DannySnyder Joined: Mar 02, 2006 Posts: 11048 Berkeley, CA	Posted on Aug 07 2022 11:21 AM This isn't a new guy, he's been around a bit... Since 2001, Janopaul has also held various roles with Fender, ranging from investor and board member, to President and chief operating officer. — Danny Snyder "With great reverb comes great responsibility" - Uncle Leo Playing keys and guitar with Combo Tezeta Formerly a guitarist in The TomorrowMen and Meshugga Beach Party Latest surf project - Now That's What I Call SURF Top
edwardsand Joined: Jun 29, 2018 Posts: 743	Posted on Aug 08 2022 11:04 PM pdshane wrote: Doesn't look like a guitar guy to me. https://guitar.com/news/industry-news/fender-appoints-matt-janopaul-new-chief-financial-officer/ Yep = every sentence of that press release is standard corporate blather. He's there to increase synergy through best practices, leverage their historic strengths, and maximize efficiencies blah blah blah. They are a capitalist enterprise and their number one goal is to maximize profits, which is actually not far off from Leo Fender's operating principle. The sad thing is that now they are going to reduce the hell out of production in California for the sake of profits. After all, this is the way all manufacturing has gone, all to shave costs. The surprising thing is that Fender kept making things in the US for this long. In the end, they will probably keep producing Custom Shop products here because people will pay that premium, but the rest will be made elsewhere. I'm sure quality of those products will still be good. Top
TheOutpost Joined: May 26, 2020 Posts: 253 Highlands Ranch	Posted on Aug 08 2022 11:11 PM It’s a bummer for the workers. But their MIM and overseas stuff quality is great. I have been super into G&L stuff as of late and their quality and tone is phenomenal. — Social Media https://www.facebook.com/TheOutpost/ https://www.instagram.com/theoutpostmusic/ Music https://theoutpostmusic.bandcamp.com/ https://soundcloud.com/theoutpostmusic/ Merch https://the-outpost-7.creator-spring.com/ Top
Redfeather Joined: Jul 30, 2016 Posts: 883	Posted on Aug 09 2022 01:18 AM GGGGGGGGGGGGGGGG &&&&&&&&&&&&&&&& LLLLLLLLLLLLLLLL The real Fender. Top
futureboy Joined: Aug 28, 2008 Posts: 115 East Coast	Posted on Aug 09 2022 10:07 AM I played a G&L of some sort in a music store many years ago and I remember the neck feeling great. The neck also had a satin finish to it. I wish I had picked it up. I don't even remember what model it was. I hate the Fender factory workers are being laid off. I guess now that we aren't stuck at home that sales have taken a dive. Top
TheOutpost Joined: May 26, 2020 Posts: 253 Highlands Ranch	Posted on Aug 09 2022 05:23 PM Redfeather wrote: GGGGGGGGGGGGGGGG &&&&&&&&&&&&&&&& LLLLLLLLLLLLLLLL The real Fender. I mean. Most recently yeah. Their MFD pickups are stellar. — Social Media https://www.facebook.com/TheOutpost/ https://www.instagram.com/theoutpostmusic/ Music https://theoutpostmusic.bandcamp.com/ https://soundcloud.com/theoutpostmusic/ Merch https://the-outpost-7.creator-spring.com/ Top

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Fender...more bad news