Thread regarding Follett layoffs

Eeeeeek. 10 days away.

McHenry is _NOT_moving to Westchester this year.

Who from McHenry is coming to Westchester? What depts or is everyone?

Btw mchenry staff is moving to westchester in April so there are probably deep cuts coming

Depends what department you are in. IT is definitely 2/1. GuaranDamnTeeIt.

My manager said layoffs may be moving to March so that when employees are terminated, there is very little vacation to pay out since it goes to zero on 3/31.

A BILLION? We'll, that's just great. I didn't even think that many people working here.

I overheard my boss talking to his boss about the layoffs. Supposedly a "BILLION" (!!) employees are going to lose their job in 2 days! I'm praying for everyone!!!

The new CFO gets the credit for anything that happens during his watch good or bad - he can run the accounting team anyway he chooses including onsite. He was brought in as RG previously worked with him at ACE with a background of outsourcing accounting functions (check his resume), and other functions. The previous CFO was dragging his feet outsourcing because he didn't support it.

To answer your question, it did the Follett famliy wonders.

"Did that make Illionois great again? I know that tax credit did little for follett employees. Do y'all recognize a similarity between this tax cut and trump's deal with carrier and ford? Management gets tax breaks if they keep a fraction of the jobs. One more way money moves from the working stiff to ownership/sr. management."

The new CFO gets the credit for anything that happens during his tenure good or bad - he can run the accounting team anyway he chooses including onsite. He was brought in as RG previously worked with him at ACE with a background of outsourcing accounting functions (check his resume), and other functions. The previous CFO was dragging his feet outsourcing because he didn't support it.

I know for sure that there are going to be layoffs again this year like the past two. This time ACs, accounting, and library services will be hit. So, if I were you, I'd start looking.

Don't blame the new CFO, it was in the plans long before he came.

Other depts that were/are on the table for out sourcing are payroll, purchasing and some parts of accounting.

Accounting (specifically AP) and IT (PSC and shared services) is on the list of layoffs in coming few weeks. Word is that new FHEG CFO wants some of AP functions outsourced to improve "efficiency" and cost savings.

https://www.ilcorpacct.com/corpacct/output/2015/2015-Follett_Co-Oak_Brook_and_Westmont_4938.pdf

Thank you for the Aurora Distribution Center based agreement. If you find one for Westchester let us know.

Did that make Illionois great again? I know that tax credit did little for follett employees. Do y'all recognize a similarity between this tax cut and trump's deal with carrier and ford? Management gets tax breaks if they keep a fraction of the jobs. One more way money moves from the working stiff to ownership/sr. management.

You mean this tax credit:

https://www.ilcorpacct.com/corpacct/output/2015/2015-Follett_Co-Aurora_4883.pdf

They are only required to keep 60 perm employees at Tower. This information is available for anyone by googling..

Google Follett edge tax credit to learn more. Below is from an earlier post.

Hey Follett, Illinois wants it tax credit back. Follett values in action. Money for nothing: Illinois' EDGE jobs program often doesn't work

"For example, the Tribune said Illinois awarded $1.1 million in tax credits to Follett Corp., a west suburban provider of educational products, despite the company eliminating 122 jobs." Follett just eliminated another 100+ jobs. Who got this tax credit?

"In one deal signed in 2011 under Quinn, Follett Corp. and divisions or subsidiaries in Oak Brook and Westmont were awarded $1.1 million in tax credits despite eliminating 122 jobs.

Follett, which provides educational products, began with 804 employees but reported a drop to 682 workers in a 2014 status report the company filed with the state. That was fine with Illinois officials because the state agreement required Follett to keep only 579 employees."

"10 million tax credit for not faking a move to Wisconsin" --- care to elaborate? what was going to move? where did you hear about it?

Rumour has it that the 10 million tax credit for not faking a move to Wisconsin requires a certain number of employees in the tower. That tax break likely expired 12/31 so they needed to cut the 12/1 layoffs into two to keep the number of employees artificially high at 12/31. #crookedFollett

Sorry to hear about the situation in the tower. I wish all of you guys the best of luck.

To the last post, you are correct. We're at the Tower.

You must not be in FSS IT. There hasn't been any mention of layoffs over here.

A massive something is happening with Follett on any given day. Some of you act like this is simply normal and should be dismissed as such. This once great company will keep shrinking and layoffs--massive or not--will be de rigueur. If you stick around then you should expect more work for the same (or less) money. Unless you're working for SS, in which you might have it a bit easier since he apparently has Follett by the proverbial juevos.

that's my point thogh. jobs are not guaranteed. they are only a contract between you and your employer that can be changed at any time. if you are laid off and surprised, then that is your fault. you should always be ready to move on. so to always be telling everyone a "massive" lay off is coming is pointless.

I used the word massive because they were. I was recalling what happened last year since someone asked. If they do similar tactics, then at least you have more than zero f'ing warning like we did you moron.

"The list is already defined and it is significant." are you saying "significant" is not the same thing as "massive"?

Never said massive layoffs. Only mentioned that the cuts they make will be mid March per usual pattern. There aren't enough people left for a massive layoff. No fat to trim they're on to the meat.

you might as well post there's going to be a massive layoff everymonth. last time i heard about 'massive' layoffs, there weren't any. maybe there were a handful of people let go, but definitely nothing 'massive'. the only thing posts like this accomplish is to instill fear.

Next cuts closer to mid March. If you look at pattern, they let people go the 2nd Friday of the month.

28 days

Then they made a huge acquisition a month later. Way to save money guys.

I'm not at FSS anymore, but last year they did massive layoffs in February, and then calmed people down before doing a bunch more in March. Whole departments were gutted. Hopefully this year won't be a repeat of last year. I did find a new job so gl to everyone still working at Follett.

I did read they were screwing with pto again.. last year they made us get to under 40 hours before the new year, then again before march 9th. Literally the next day they laid people off. It was planned way ahead of time in 2015.

FSS is hiring and there are new roles. There was a new director position posted last week who will be in charge of new school aqcitions. Who else can they lay off?

I hope those blokes in it dev get the boot. Watching them sit on their iPads watching Netflix or doing other work is frustrating. While others are working their butts off I see some individuals come and go, walking in late, taking long lunches and leaving early.

Is FSS on a different fiscal year than FHEG? If not, are there more layoffs planned before spring?

Unfortunately, this is absolutely accurate. Those impacted will be shared services and a continuation of the layoffs on 12/1. The list is already defined and it is significant. If you are in HR, accounting, IT you are at risk of being laid off. They split the 12/1 layoffs into two to avoid impacting January rush.

All speculation and fear mongering. Give it a rest.

So where will the cuts fall this time? Aurora? Stores? FSS? B&T?