Thread regarding Office Depot layoffs

Wow

Napa, California??? BSD went to France, French Riviera.

If you think that is different at any other Fortune 500 company, you are kidding yourself.

I’m going to be grateful for what Office Depot did provide me and my family over 13 years, but I will never understand the decisions being made. Loyalty and dedication are not words appreciated in the corporate world anymore. I was generating revenue. I was keeping relationships and growing new business. I kept Staples, Amazon, Mason and even local suppliers at bay. I won customer confidence and grew sales. How was I not being a productive part of the team? THAT I will never be able to comprehend. Tell me it’s about money when I’m making the company money all whilst our CEO, and other top executives, make the ludicrous salaries/bonuses they make with no apparent accountability for losses. Bye Felicia! Looking forward to life after depot.

But either Depot is an attractive company with plenty of cash on hand or on the verge of not being able to pay the light bill. Can’t be both, people need to pick a narrative and be consistent and lead with facts, not emotion.

Maybe. Or maybe they need a buyer to get them out.

Amazon? Walmart? Who wants to buy a company with millions in cash?

Everyone.

Total revenue in Q1 2019 dropped 2% from Q1 2018. BSD sales were up 1%.

The company has $600 million cash on hand.

The company isn’t ceasing operations any time soon.

This is the tip of the iceberg, the stock price dropped by 33% in one month. They are spiraling, more layoffs by year end, more store closings, they can’t win new business against Staples or Mason and Amazon will continue to kick their teeth in. If you’re still there run don’t walk because they don’t care one bit about you.

There is definitely life after Office Depot.

The point is the timing. They timed out layoffs over the last four months. Waiting a week wouldn't have hurt the bottom line, except it wouldn't have lined up with earnings announcements.

There was a reason the Depot day of service aligned with earnings announcements which aligned with layoffs.

And as Zoe said "it is what it is". Not "we think it's important to give back and the timing is unfortunate" not "we can't let our communities down" but....

It is what it is.

Which equals we don't care if we are being insensitive to the recently cut employees, we don't care that this is unfortunate timing. We don't care, and just need to start saving face and improving stock price.

Talk about bad press in the local community if we cancelled the Day of Service. Don’t mean to sound harsh - but life has to go on.

Timing was awful - 100% agree but to cancel and let the local organizations associates were helping be let down would help how?

It wasn't just corporate that got cut, 400+ jobs were cut. Most cuts were out in the field. But the point is that "we are out helping the community" when really, maybe, they should have rethought the timing of the announcements with Depot days.

Giving back to the community is great, but when you've got to use those same services your former company is supporting, it kind of feels sickening.

"Hey look, we are an awesome company. Please don't look at the hundreds of jobs we slashed."

Why would Depot back out on a day of giving to the community because 170 people at Corp were let go a few days earkierv. 90% of associates at Corp remain and after the week we had, showing gratitude for still having jobs by helping less fortunate feels right.

i can confirm it's a terrible company to work for. sketchy sales tactics and badgering customers to sign up for services when all they came in for was a pencil. managers are on the associates because the district managers are on them so on and so forth, gerry smith has done nothing for this company if not affect it negatively.