Thread regarding Bed Bath & Beyond layoffs

Bed Bath & Beyond Announces Significant Milestone In Plan To Sell Non-Core Assets

Company Streamlines Portfolio and Assets with Agreements to Sell Christmas Tree Shops, Linen Holdings and Florence Distribution Center

Transactions Expected to Unlock Approximately $250 Million and Accelerates the Company's Transformation to Drive Shareholder Value Creation

UNION, N.J., Oct. 13, 2020 /PRNewswire/ – Bed Bath & Beyond Inc. (Nasdaq: BBBY) today announced that it has entered into separate agreements to sell its Christmas Tree Shops retail banner, its institutional Linen Holdings business, and a distribution center located in Florence, NJ. The Company expects to generate a total of approximately $250 million in aggregate from the monetization of these assets as it continues to optimize its portfolio, potentially including the sale of additional non-core assets, to further increase its financial strength and enhance shareholder value.

by Anonymous
| 2111 views | | 7 replies (last October 18, 2020) | Reply
Post ID: @OP+17qZbN6m
Comment! It's anonymous!

7 replies (most recent on top)

What’s even better is if you turn down the job offer while collecting unemployment from BBB - you WILL be reported as declining and lose unemployment benefits.

You are a commodity that BBBY owns and trades at will.

by 🕷
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Post ID: @4pxl+17qZbN6m

They are calling employees who got laid off to come back ... SMH!! Unbelievable !!!

by Anonymous
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Post ID: @3yvc+17qZbN6m

Only way CTS will be bought is by Walmart if the Chinese are not producing seasonal products and they run out of last years overstock that’s already filled their outdoor center currently.

Find another job ASAP. Nobody hires aside from seasonal helpers from mid- November till after New Years.

by Anonymous
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Post ID: @2dya+17qZbN6m

Now , we can work for CTS

by Anonymous
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Post ID: @1uio+17qZbN6m

I hate this Company, I tell everyone to stay clear of working for them! Apparently they are "now hiring"!! Go to hell BBB

by Anonymous
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Post ID: @yyp+17qZbN6m

go to hel$ the company as a whole dragged its own as$ down

by Anonymous
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Post ID: @jvp+17qZbN6m

Sound GOOD, they have been dragging us down for so long.
Maybe we wouldn't of had so many BBB associates terminated.

by Anonymous
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Post ID: @owc+17qZbN6m

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