Liquidator has nothing to do with anyone getting extra money for staying until the end
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Second round here and bonuses were talked about and information sent out, part timers get an additional 300.00 while full timers get minimum of 4 weeks severance (I believe the max was 16 weeks) on top of all of that they are also ti get the extra 2.00 an hit dated back from November 26, until they close.
This "funding" is not guaranteed. They still need someone to buy all the stock options to get that funding.
"However, it warned that if the deal doesn’t work out, the company will “likely” file for bankruptcy and see its assets liquidated."
https://www.cnbc.com/2023/02/07/bed-bath-beyond-funding-bankruptcy-worries.html
In short if nobody buys into BBB they will go right to CH7.
Hopefully with this newly found funding, severances are back on the menu.
Wave 3 is supposed to get an update tomorrow
Yes, a Target gift card
You will be lucky to get your regular paycheck, let alone some sort of “bonus” get a grip.
Usually the liquidator will offer some extra money if you work till the end.
No retention bonuses coming to anyone going forward. The company has been crystal clear that bankruptcy is on the table. Stay at your own risk at this point. You can’t get anymore clearer than that. Stay for a steady paycheck till the end or find something more stable and long term.
Free Welcome Rewards+ membership?
To @zdt+1l3NpwF5, There will be plenty of bonus monies for the executive team and Board of Directors, nothing for the grunts which actually did all the work. That's very normal in situations like this.
No retention bonus we we’re told from dm. Wave 4.
Where would these bonuses come from? I'm sure the creditors they all millions to would also love to know where any bonus money would come from.
Currently nothing has been said
Or whatever they are called.