I spent last 5years with our company and it'd be a real shame if they were to decide to lay people off from our offices in Stamford.
14 replies (most recent on top)
Retired 10 years ago after 31 years. Had 1005 shares of PB stock purchased at $47.10. Just sold 1005 shares at $11. And change. Tough hit, but I had/have some gains that were pretty good. Criminal PB let postage evidencing slip away. Customers buy what you are selling. Hard to believe PB had 92% of the metered mail mail market in 1976.
WELL HERE WE ARE THE NEOPOST CROWD WHO CAME TO PB ARE GETTING AXED LEFT AND RIGHT
IT TOOK 7 YEARS TO SHOW THEIR UTTER LACK OF KNOWLEDGE TO THE IBM CROWD
A LITTLE LATE AS MOST OF THE HEAVY HITTERS IN PB WHO ALWAYS HIT THEIR NUMBERS ARE GONE!
I was a great company. So many benis all gone. Example after 10 years of service free healthcare, 1 week off for marriage, as a service man first year review and raise every quarter, 2nd year, two reviews and 3rd year a regular raise plus promotion to full csr rep. Forgot every raise had an extra percentage for cost of living adjusment. Profit sharing every quater equivalent to about a week pay. Appreciation parties if you made region of the year. Beer and wine all you could drink. Pension magic number 85 ..they will walk out with about 300k+ lump sum . Training in Pitney facility the best ever after, second day you would stop eating breakfast due to the amount of food available . Did i mention lobsters for dinner on Wednesday. Great teachers with field know how of over 10 to 20 years. Managers that care about you and coworkers that will not be afraid to speak up. Once a month csr meetings where you voice your concerns of how to make work better for the company and for your self. Forgot if you had a walking territory 35 dollars extra a week for just walking. Well all is gone, my advice look for another company where you can grow, no room to do that at PB. Good luck if you stay
Thank god! There are some truth Sayers out there !!
It is interesting that the VP bunch from Neopost keep changing their job duties !
Well, let's see! In a role for a year! Don't do well, then another role is created !! Crazy!
I worked there for almost 5 years. They have been well known for years for layoff's. I got notified on a Monday and packed up and left. The Severance was very basic, and co mingled with unemployment. What was amazing that I was cut and they kept a lazy long term person who didn't really need the job, barely came to work and took long lunches. There are nice people there but it's just as the person above said, the VPs promoting each other, there are too many and they do whatever they want. The top floor long-termers are the worst. It's a Good ole boy's club. They never think of how they wreck lives, of the lower level workers who need the jobs, while they makes hundreds of thousands of dollars, and dispose of hard workers, and they are the biggest money wasters of all. Too bad as it used to be a top company.
The problems confronting PB now are due to the extreme pressure to deliver results NOW or pack your bags. This has led to many of the smaller departments to engage in self serving practices to deliver results many times at the expense of another, and the the Company as a whole. The problems associated with the transition to Salesforce and Service Max have at best been severely understated and continues to plague its users. Add this to the failure of the Senior Execs to acknowledge that employee Engagement is a farce due to censorship, the fear of being reprimanded, or simply ignoring submissions. PB is in trouble, and for only 10+ million a year the CEO touts the need to welcome change, yet continues unchanged to lead the company down a failed path.
The IBM crowd has no clue about the Postage Business! Just Software!!
PB is a hardware company, not a Software
Two years ago stock was 23 per share - not at 12 per share and dying !!
Does not help that 76% of Stock is owned by Hedgefunds!!!!
Word on the street is SELL!!!!!
To many VP's who do absolutely nothing to generate revenue!
Wish the CEO would really dig deep and see what these VP's actually do - except promote each other when they fail !!
Company use to value long time employees with vast product knowledge ! No more!
At some point - the higher ups who do nothing - except spread sheets and BS will look around - And no More sales people!
Then they can fire themselves !!
It's a sad sad place to be!! Your not in the in crowd unless you came from "BC's " pack of minions!
It was once a great place to be! No more!
If you say anything - you are blackballed !
"THE EMPEROR WORE NO CLOTHES"!
Cronyism is rampant!
Loosing longtime PB folks at a record pace!
Bringing in Neopost folks, who in turn, bring in their friends ! Never thought we would see the day with all this blatant favoritism ! Not sure Marc Lautenbach is aware of this, but perhaps he is!
What a shame!
No company can lose up to $100 million year over year for the same quarter and not layoff folks off. How else will they make next quarter look good for the investors, they have to make up the $0.02 postage price drop some where.