Thread regarding Follett layoffs

Seems like Follett is really in a hole. $90m loss? Are you serious? Might explain what they're doing to their stock levels.

Fact: Baker & Taylor was bought by Follett in 2016

Fact: Lack of work during the 'busy season'!

Perhaps competitor/publishers DO know about it.

Wondering if I'll have a job in future with Follett buy out.

Follett .....the laughing stock of the library industry

So you are laying off people so you can get out from being $90 million in the hole. Now people are without jobs and no money to feed their family. So what do you,do? You tell them it is for the good off the company that there won't be any cost of living raises next year if they are among the ones who don't get fired. Then and only then, when you have wreaked havoc on so many lives, do you buy your largest competitor Baker and Taylor. Yes, Ray, the word got out! You screw the people who you promised to take care of so you can buy another company. Watch that be run into the ground too. Another BWI! But what do you care?....your kids will be happily sharing Easter dinner. Mine won't be.

Follett totally sucks.

How about a translations? Sounds like it might be funny

I heard SS is getting his side company, Tata, into buying Follett and changing the name to bevakoophon kee jahaaj

बेवकूफों की जहाज

You are wrong. Just wait a few more days and you,will see that they own b and t. It was announced at their library summit and told not to share the inside information. Someone did and all of the publishers know about it.

Facts about BT

$2.26 billion 3,750 employees

Founded in 1828 as a bookbindery, today Baker & Taylor is a wholesale distributor of books, music, games, and video products to schools, libraries and retailers.

The post about Baker and Taylor was referencing 1994, not today. Surely Follett made the right decision back in 1994 and wouldn't revisit the same acquisition in 2016 - 22 years later. The market for physical books etc has only gotton worse.