I got a job offer starting in January, but I'm reluctant to just leave the company I've spent more than a decade with, especially when things seem to be looking up at least a little bit. Still, I'm scared that if I decide to stay, I might regret that decision with the next (sadly, inevitable) layoffs round. Any thoughts from other folks here?
6 replies (most recent on top)
YES trust your gut!! This is why I left when I did.. Everyday was starting to get more and more stressful at BBB the actions and leadership to run a buisness isnt there any more downhill from here
I disagree with the young generation and online shopping. A lot of them that I see or work with would rather shop in a store because it gives them something to do, and they live their life on social media as is on their phones. And many are more concerned about buying repurposed then brand new which is the next hurtle (its a bigger issue for clothing rather then appliances and bedding).
there is a good chance that the company as a whole can get the stocks back up to $20 a share with the new ceo. But as for it lasting the test of time, I doubt it. as more of the younger generation continue to purchase on line, less and less customers will want to go to the stores to make there purchases. also, with all the markdowns, less merchandise will be available for those who do shop in the stores. that means more closings and more layoffs. as a former employee, I do have several solutions to the companies problems. which already some have been implemented with Walmart and Burlington. look at where those stocks are in comparison.
I say it depends on a few things:
A: are you an ASM- and are you in a small or large store? Only large stores will have ASMs, which has been a true fact from DMs. They will still keep ASMs if they can work towards being SMs in the future. (Do you want to be promoted) if your in a small store- high lay-off risk in April.
B: have you looked at the comparable forum like this for that company? Have you looked at all the Glassdoor reviews? Remember it’s all retail and it’s all the same!
C: is there better pay, significantly and what’s the travel like and the chances you may be transferred around (growing companies transfer just as much as shrinking ones!)
D: how is your stores Profitability, regardless of being a A,B, or C volume store. They just closed an A+ volume store because yes they have a lot of sales, but unfortunately their customers only bought discount Merch so they were losing more money despite a large volume of sales.
E: how are the similar retailers performing in your market? Be mindful of the market you live/work in. Bbby isn’t the only struggling company. Michales, AC Moore, Khols, JCP, Pier 1, At Home are all struggling and closing stores in bad markets- use this as a key to if your store has a chance to close as well.
MOVE ON!!!
BBBY is being run by Capital Investors (follow the money) and they don’t give a rats behind about you. It’s all about squeezing as much profit for as little expense possible to appease the investors. I’ve personally have gone through this and it’s not a fun environment to be working in. If you’re a grunt the job is relatively safe, but if your management the higher you are the more replaceable the position for cost reasons.
Best thing is trust your gut instinct, (which I’m guessing is why you interviewed for another job) if it’s telling you to go, then go!
What's the position?