Now that Ryan Cohen is getting hands-on with BBBY, we can expect a lot of cost-cutting and a lot of layoffs to follow. When investors get involved, the main point is always how to maximize profit. The main answer is always through layoffs. I think the following months will be rough on all of us.
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@cna https://www.wsj.com/articles/gamestop-chairman-ryan-cohen-takes-large-stake-in-bed-bath-beyond-pushes-for-changes-11646611200
The investors are going to file a Class Action Lawsuit to clawback the Compensation that unjustly enriched the C-Suite Executives. Stay tuned
To the poster who asked about Ryan Cohen..google him and Business Insider for an informative article. I tried to link it but could not
You misread. The same time he sent his letter of ideas, he said that he's too busy with GameStop to get "hands on" with BB&B.
Please forgive my ignorance but who is Ryan Cohen? This is an honest question so no meanies please.
i'm waiting for them to eliminate the last of the full time positions that aren't keyholders; and even then, i wouldn't be surprised if they combine hard and soft side keys into just one salesfloor key, and assume part timers will do all the work...even tho our wages aren't competitive, we offer minimal training, and when we do find a new hire, they get no hours because somehow we're still over
We’ve already cut so much that impacts our ability to maintain the store. Unless they can get robots to receive and stock the merchandise where else can we cut?
we dont have months. there is no turnaround game here like other retailers. we are too far gone. tritton sees it. either on his own accord or forced out, the end for all of us is near.
I wonder if HR has put MT on goals and objectives yet for failing BBBY?
MT came out good with being compensated $27 mil the last two years. He came a long way from shoveling Kangaroo dung. BBBY can pay me $27 mil anytime for being a failure.