- Company not paying bills on time
- No Raises, or raises well below cost of living
- Leadership has no transparency with employees, very distant and no visable to employees
- High turnover
- Hiring freeze
- Customers are leaving
- People are promoted to leadership positions based on "buddy" system, not qualifications
- Leadership is a group that has all worked at another failing company
- No morale
- Company reputation is poor
- Benefits for employees are cut
- Salaries are cut
- CEO refuses does not address rumors with memo to employees
5 replies (most recent on top)
I have noticed that so-called “buddy” system, it seems like there are managers who should be associates and associates who should be managers, like the roles should be reversed, very unsettling to witness this type of blatant favoritism.
That list hit the nail on the head, it’s just a matter of time now before the sh– hits the fan
Sears took quite a few legal steps and made honest efforts to stay afloat despite the crumbling retail landscape.
The Belk family dropped their already failing company like a hot hamburger to a conglomerate of greedy goons with more money than sense. The new chumps, lacking any measurable business acumen, thought they could make a fortune of the name alone by combining it with the rotting corpses of other failed businesses like FAO Schwartz, The Limited, Aeropostale and others.
Now they're stiffing the check for the vendors, avoiding rent, shirking responsibility of employees and their safety, and hoping that scattershot internet sales will bail them out.
Flipping businesses just isn't paying off for them, virus or no.
Precisely! The writing is on the wall.
I work at Sears and didn't realize Belk was in the same boat. My condolences to you.