Thread regarding Cabela's Inc. layoffs

Transcripts from Q1 2016 quarterly earnings call...

This is information from the Transcripts from Q1 2016 quarterly earnings call.

The question was part of a multiple part question and was asked by Mark Smith (Feltl and Company - Analyst).

" Okay. And then just looking at the restructuring expense, should we expect some more of that coming into Q2 before we anniversary that in the second half?"

Answered by Scott Williams, Cabela's Incorporated (Cabela's President)

" Yes. There are really about three buckets, three or four buckets of things, I guess, total non-GAAP items. There's almost $4 million for litigation settlement. That clearly, at least we hope, won't recur. The rest of it is really into sort of three buckets, one of which is severance, although I wouldn't expect any more of that. To think there could be some more severance going forward is a possibility."

" Then the rest is really the restructuring initiatives around our strategic review, and then also the internal restructuring of the Company. We would expect those to continue."

If I worked at Cabela's I would be asking myself, Is my desk inside a bucket or outside a bucket?

I wonder what is on the "Bucket list"? What's or who is getting crossed off next?

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| 1064 views | | 1 reply (June 6, 2016) | Reply
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Everyone is out. The buckets are the order in which staff will be let go. Cabela's won't exist soon and those planning to stay in the Sidney area better get to applying at Walmart and Safeway pronto. Competition is about to get stiff. Hourly employees disgruntled about the required full availability better jump ship as the company is obviously pushing them to do. (They want a skeleton staff so numbers aren't as terrible when they report their sale and closure they know an open availability schedule for a part timer is asinine; they want you to leave so you aren't a numbered casualty but rather someone who made the choice to go on your own.) Corporate workers wondering if they should be composing their resume after seeing their colleagues be laid off, the answer is YES.

Cabelas cares about the numbers. Just look how it has been weeks since the announcement of the creative department sale and they still don't know how many employees work in their own company. What will they say when it blankets over everyone? As low of a number as you all will help them create by leaving early.

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