Thread regarding Follett layoffs

Our thoughts and prayers are with those that remain.

I see a few bitter posts by those that were let go, and I understand, and empathize. But it certainly isn't the norm.

I've seen the days when this was a fine company with values, and leaders. I hope even now, that it can be again.

There were once so many fine people there, with intellect and values. It is what made the company.

I was let go yesterday, and must confess, that it made me indescribably happy. The company that was, is no more. Alas, recent leaders did so much more harm than good, and knew not our business, nor how to move forward.

I've since spoken with so many, those just let go, and associates still there. It was striking that those that were let go, are so happy, so energized, and so relieved, even though each one had such a strong affinity for the company, and people, that once made Follett an exceptional company.

We remember the many fine people still there, and keep them in our hearts and minds. I can only empathize with the task they have to move forward, but I have faith in them, and confidence that impact of recent management decisions will make obvious that many at the wheel, are in deeply over their heads.

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| 1753 views | | 5 replies (last February 18, 2016) | Reply
Post ID: @OP+FZ6Y5w4

5 replies (most recent on top)

Nice post, but unfortunately Follett is in a death spiral. Financial results are terrible, and they cut employees to shore up the bottom line to pay the family dividends. I am sure many in the family don't work and rely on the dividends to live. They can't be cut. Is there any reason to believe that Fall rush will be any better? The financial performance trend is now 4 years long and is predictable. Used to be sales went up 5% just because of inflation (LIFO reserve what we called it in the biz). Now sales are down, and down even further if you factor in inflation. The family would like to sell but there are no buyers.

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Post ID: @1oqj+FZ6Y5w4

Very well said. I have hope still

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Post ID: @lqq+FZ6Y5w4

Just remember, in Gone with the Wind, Scarlett's horse didn't die because it was a bad horse. The horse died because Scarlett was brutal and drove the horse relentlessly. Rather than think through a better plan, she drove the horse to death.

Follett isn't failing and dying because front line employees are bad. Look at who has the reins.

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Post ID: @feo+FZ6Y5w4

Very well said 😃

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Post ID: @fos+FZ6Y5w4

Thanks

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Post ID: @xnl+FZ6Y5w4

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