Very sad but true. Many employees lost their jobs today. Over 500 from what I hear. Unfortunately, I am one of them. Hard to understand a retailer that would release loyal employees yet continue to do multimillion dollar renovations and open more new stores." As an employee, you are totally expendable. No matter how many years you've been there, you're a liability to their bottom line. You're an expense item to get rid of to look better for an IPO. They are opening new stores because they need new markets to sustain as most of the stores NMG has are not good performing stores. Foot traffic is dreadful in most NMG stores. It's a gamble for NMG to open new stores. They'll incur more debt by opening stores, and hope they can use borrowed money to make new money. Unfortunately while many good people lost their jobs, the fat cats at the downtown corporate Dallas office will still keep their jobs, lean back and enjoy life as they always have.
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hate hearing all these layoff stories.. the company has never cared for its employees under Karen's selfish direction.. Its why I report on them for a blog.. their amount of shameful activity includes perjury, falsifying evidence. and more....
I am confirming this, I was laid off. I will move on but some bitter taste in my mouth will remain forever. Good bye to all good folks that I worked with.