Thread regarding Bed Bath & Beyond layoffs

Serious question

To the stores that have closed or are closing what is the process. Who makes the call freight all that fun stuff. What is the retention dollar wise look. If you don’t know the answer or are not serious don’t comment.

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| 1771 views | | 9 replies (last January 28, 2023) | Reply
Post ID: @OP+1kEfPEsl

9 replies (most recent on top)

So was severance offered or not? Valid question, a lot of us have families and need to know please

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Post ID: @gkpj+1kEfPEsl

Everything goes- supplies, fixtures. You may be asked to palletize and ship madix fixtures if you have them. No coupons, but rewards plus accepted

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Post ID: @3crh+1kEfPEsl

Thank you all for the information. I like to know if it's worth riding it out to the end. I would guess if they sale the company and do a chapter 11. It would mean the end within 12 months.

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Post ID: @2grw+1kEfPEsl

Why do people act like the severance is going to keep them afloat forever and allow them to finally buy that island in Greece, again?

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Post ID: @2tek+1kEfPEsl

If you didn’t transfer out then what happened to the Dyson, KitchenAid etc.? This only applies to closing stores. Unless you didn’t have any left to begin with.

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Post ID: @1vxk+1kEfPEsl

No transfers out. 40+ pallets inbound for weeks on end. Clearance product. Minimal direct involvement by liquidators. Maybe been in store four times over 7 weeks. Just emails.
Hourly bump incentive to retain part timers.
Hourly incentive and severance for full timers.

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Post ID: @1mwr+1kEfPEsl

no stay no severance

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Post ID: @1mdi+1kEfPEsl

But how are employees incentivised to stay to the end, if at all? Why would someone stay and help close up shop?

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Post ID: @1fiu+1kEfPEsl

After higher cost merchandise is transferred to non closing stores, liquidation company will take over and begin selling remaining stock at gradual tiered percentage discount.

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Post ID: @1tqk+1kEfPEsl

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