Thread regarding Staples Inc. layoffs

Pre-bonus layoffs

Prediction - January huge layoffs... You were all promised a bonus in February? Everyone thinks that Sycamore is going to give these bonuses? Maybe to the executives. They don't have to give anyone a thing! What you will get is that "pink" slip without a severance package that some of us were lucky to get!

This is a huge worry of mine. I've read that it often happens that a company decides to have a layoff right before bonuses are paid out, to ensure additional savings. Motivate workers to give their all until the last day, and then show them the door without having to honor some of the obligations. Hopefully this will not happen, but something tells me it's a likely outcome.

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What teams were supposedly getting these bonuses is my question? Or is this bonus for the stores?

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I left in 2014 after completing a full year of service, they cancelled the bonus and then paid a special cash award to people still there. This was PRE Sycamore just to give you an idea of how dirty the tricks were even then. They'll do whatever it takes.

Circling

The

DRain

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I wish you a Merry Christmas

I wish you a Merry Christmas

I wish you a Merry Christmas

and a New Job Next Year!

Happy Holidays!

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"just wait till they gut the healthcare!" Post ID:

I don't know if the healthcare can get much worse. I pay more than I need to now. This company is mostly downside at this point. I have been looking for another place of employment. Hopefully something will come through sooner rather than later. Corporate HQ is turning into a ghost town.

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just wait till they gut the healthcare!

at Aetna, they eliminated cubicals, what you got was a 3ft x 2ft plank for your laptop, so they could cut office space.

Im enjoying this show.

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"Staples Centers of Excellence" Isn't that the very definition of oxymoronic?

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This layoff is mainly affecting outside account consultants in NAD. It's still ongoing.

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Yes, please elaborate. I've been out of the company for years, but I know a lot of good people who are sticking it out and don't really hear a lot of what's going on.

"People, people! Focus! Stop this nonsense back and forth. Back to the 200 laid of yesterday, are you saying NAD or Retail Layoff? Please elaborate."

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" So the centers of “excellence” can’t be realigned in minutes?"

Realign them how? None of the individual companies can function on their own without them. If you sell off a company with them included the other 2 die. If you sell off a company without them then you need the new owners need to replace a huge chunk of G&A and expertise.

Canada could probably survive on their own since they have a most functions covered on their own.

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love watching your liars get your just deserts

awesome justice

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So the centers of “excellence” can’t be realigned in minutes?

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NAD has all the COEs. You can't sell NAD and have the other companies 2 companies exist. Try again.

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The last one out of NAD, shut the lights off please!

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No one has said anything remotely close to this. It takes a special type of terrible person to take pleasure in the suffering of people who have done nothing to harm you. Go troll somewhere where people's lives aren't being upended.

"don't worry, downloadbesttorrentblog.rus are over".

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NAD will be sold to highest bidder.

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Thanks for letting me know. I am sorry for the people who were laid off. I hate this is happening.

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This layoff affected folks in North American Delivery... the division actually making a profit. They did close 51 stores this month, though.

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What stores were affected by downloadbesttorrentblog.rus?

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hahahaha.

"don't worry, downloadbesttorrentblog.rus are over".

"don't worry, you'll get a severance".

hahahahaha

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200 more. And the beat goes on.... slow death of a company. I hope all the latest folks get back in the game and help crush the big red piece of $hit.

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There was a layoff of about 200 employees today. Details are still emerging.

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Back to reporting facts?! When has this site ever reported facts. This site is full of trolls.

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Prediction the world will end someday. Can we get back to fact reporting on this site?

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If you're told to pack up your desk today, no bonus for you tomorrow. Severance is a different story.

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Which of the three businesses will Sycamore sell?

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I expect the final outcome will be a Staples that's 1/4 to 1/3rd its current size.

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The company is not going to change its name! Sports Authority was run by Sycamore and they didn't change names. But then again, Sports Authority is no longer in business.

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Lmao... Bonus?? Once the Co. Changes name you are getting a 2 week lump sump in lieu of notice, and out you go!!

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I'm glad to see that they have fixed everything now. I sure need a box of paper clips.

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severance packages for who?....... answer - all employees that were in place the day of the buy out. Those packages are going supposed to be in place for a year

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severance packages for who?

the exiting executives?

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I am not sure of the bonuses but the severance packages are locked in for 1 year of the agreement with Sycamore. It is in the agreement that was signed for the buyout.

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no soup for you

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