anyone tune in or hear anything from the virtual thing today? i assume it's just gonna be them repeating everything they released to the press and told us already, but curious if they'll lay out any extra info, give us at least a tiny bit of forewarning....ha ha
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The whole video is posted to Zipline and available to all associates. There was good stuff in there.
So nobody has REAL insight?!? I tried to get in but was denied entry through Teams. So I have no idea.
I DO know we are bleeding. Essentially this is a 2 week “Pre-Liquidation Sale” we are running and we will run more until early next year when we declare.
I know that they want to sell Buy Buy Baby, continue cut hours. Get out of bad heavy leases. They probably will close more stores and cut managers. It’s a complete fire sale!!
Hey, shouldn’t the cuts be 15%?
If they're going to be cutting staff, I'm not at all concerned because that usually means those in management. The FAT. They will be the ones dealing with layoffs and embarrassing demotions. If they didn't see this coming, they're not operating on full tanks and need to go anyway. You've got to be really stupid and naive to think all will be fine from here on out.
Some have already been through a demotion already. I wonder how many will stick around for/after a second one. Pitiful.
i guess i should have known better then to ask, lol
and who downvoted the post? it was a legitimate question about something corporate invited everyone to tune in to
Nothing was mentioned about 25% or layoffs or store closing. If you are going to post make sure you are accurate.
They said cutting 25% of expenses. That's staff! Good luck everyone. Ship has sunk.
Layoffs Store Closings soon !
Yes, I did. It would be nice to know but we will still know on the hour ….sounds like plans were made and some actions will be taken within the next weeks/months.