Thread regarding Bed Bath & Beyond layoffs

So....2/27?

Recently someone posted layoffs on 2/27...any update or info?

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| 8061 views | | 30 replies (last February 28, 2020) | Reply
Post ID: @OP+13IybT8M

30 replies (most recent on top)

This place was the worst place in the world. Be thankful you can start over in a healthier corporate culture

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Post ID: @1hgl+13IybT8M

What happened to Ted?

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Post ID: @1pbt+13IybT8M

How does DP survive this?

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Post ID: @1aty+13IybT8M

Will be outsourcing tax, treasury and payroll

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Post ID: @yfa+13IybT8M

Hahha to store managers closing. Mine doesn't ever. I worked today and all my store manager kept getting was phone call after phone call not sure about what. So many rumors we're spreading around some were right some wrong not quite sure what's true at this point. Heard the entire customer service corporate department got fired not sure if that's true. Was also told no store managers or under was getting fired not sure if that's ture either.

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Post ID: @rud+13IybT8M

any updates?

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Post ID: @sjs+13IybT8M

11 VPs reduced to 5 - one of which starts next week
500 associates in total let go... the majority of which in Union

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Post ID: @fby+13IybT8M

Company going from 6 regions down to 4. Midwest region as it previously existed is gone and will be merged into what will be called the Central region. FG will be moving to the east coast region and DP will be in charge of the Central region. Just about all of the Midwest regional staff were let go this morning.

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Post ID: @gqp+13IybT8M

Who were the RVPs?

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Post ID: @ixa+13IybT8M

Entire IT teams are being laid-off

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Post ID: @qif+13IybT8M

I worked in corporate until 2 hours ago. I can tell you nobody in the office is safe. It's a consulting company recommending all lay offs. Has nothing to do with performance. It has to do with the department you work in , the head count and your salary. Good luck to all

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Post ID: @izd+13IybT8M

So sorry for everyone being let go. Any word on severance packages? Work in store and afraid it will affect us eventually.

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Post ID: @xok+13IybT8M

I worked at corporate. Was almost all mid level managers and the remaining directors. Total house clean. Every department affected for restructuring. Only low level employees and a few higher ups left. Company looking to shed as much salary as they can since it’s end of their fiscal. Honestly not surprising given how aggressive that are trying to change how the company does business. They are way behind other retailers.

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Post ID: @prh+13IybT8M

Real bloodbath in corporate today...including whole buying teams in categories...which indicates some categories being dropped. No announcements made, Just people being called in and laid off ad told to leave immediately. Still going on. Good luck to all.

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Post ID: @cma+13IybT8M

All CS support positions eliminated. Hr confirmed to me approx 120 layoffs in support and hq.

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Post ID: @jzz+13IybT8M

Not entirely Corporate. Appears that two Regional VPs were let go yesterday, as well.

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Post ID: @iih+13IybT8M

Yes

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Post ID: @pyj+13IybT8M

Nothing is effecting the stores today it's all in corporate. Upwards of 25 tenured VPs were let go yesterday. Today is everyone, directors , project managers , buyers and planners. Hundreds of people.

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Post ID: @ghd+13IybT8M

1

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Post ID: @xha+13IybT8M

There is something going down in the Midwest region right now. Stay tuned. Big changes in the regional staff I’m hearing.

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Post ID: @ebq+13IybT8M

Not every SM closes Thursday and is off Friday. I haven’t heard and secret calls and it’s just me and the SM today so... I don’t believe there is a call

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Post ID: @cff+13IybT8M

IT teams are being cut. Hearing more Sapient layoffs, UX teams will be touched. Restructuring of Ux teams and PM's merging and some work going to agencies.

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Post ID: @muc+13IybT8M

(Store level) In most regions, store managers close Thursday and off Friday. So if we speculate anything happening it’ll be at 1pm today when the store manager gets in to have the proper conversations. As far as corporate, my guess I at hat this would happen between 12-3pm.

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Post ID: @yul+13IybT8M

Sounds like between today and tomorrow about 200+ layoffs throughout corporate.

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Post ID: @qyt+13IybT8M

What time will the ax fall on us ?

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Post ID: @edg+13IybT8M

Wed (yesterday) ~30 or slightly more director level and above in corporate. Today, managers and below. I heard a total of 400, but can't imagine that to be the case.

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Post ID: @dur+13IybT8M

So more details on what happened. How was it bad. Like there is zero credible info yet. Is more coming today please say yes to high salaried being grandfathered in still doing nothing OPS, DM, please let this be addressed.

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Post ID: @ibn+13IybT8M

Too damn many let go!!! They didn’t deserve that whatsoever, especially they way it happened.

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Post ID: @koo+13IybT8M

how many people totally laid off today any idea

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Post ID: @mto+13IybT8M

Happened today in corporate

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Post ID: @kll+13IybT8M

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