Cannot believe it? Really? Layoffs again in Mahwah.
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Topics regarding layoffs at Ascena Retail Group Inc.
We are having layoffs right now - it'll be announced soon - ascena retail will lay off 10 executives. In addition, 200 more associates will be laid off. Plus Fashion Segment home office is fairly hit and also there will be cuts to Global Sourcing... read more
It is a sweat shop!!! We are forced to work the jobs of three each because of lack of hours given to stores... we are forced to do major floor moves ... that include lifting far and beyond what the job calls for... forced to be the handy man's we are... read more
After several years of top tier performance ascena let me go. The decision to eliminate my job made zero sense and I felt like I was thrown away like a piece of rotten trash. Hmmmm. They only have 300m in the bank and 1.6b in debt. The Ann Taylor... read more
Is this ever going to stop? Here is what The Cowen Research newsletter had to say about Ascena: Our analysis indicates mass yielding closures of 20% at oversized chains. Traffic is likely most pressured at C growth potential at ROST, TJX, ULTA, WMT.
Whenever you think you are safe think about it two times - you may be wrong. For example people are talking about job cuts here in Mahwah.
What is the likelihood of Ascena Retail layoffs in Mahwah in 2016? Please let me know if you have any information.