Bed Bath & Beyond Department managers are being laid off today (Thursday 8/3/17)... Severance package offered, paperwork needs to be signed. We kind of knew this was coming (and some posts were indicating it here on layoffs.com) but people were not aware it'll be this massive.
This is just a beginning - there will be more cuts coming - things are bad.
To Steve and all the other extremely over paid greedy old timers....to you I say you disgust me! You have fired people who helped make your millions over the years.. We were the ones who came in even when we were sick.. We broke our backs with freight.. Overnights...weeks of inventorys...resets..... Dirty break rooms... Old equipment.... Bending over backwards for nasty customers who return crap that we didn't even carry in fear of a write up...We did the job of atleast 3 people and never even given a thank you! Disgusting how you could just dissolve our positions with no regards to the fact that we all have families..we all have hardships...mortgages etc. We all stayed even though we were tired and beat up... We stayed... We were loyal... We were hard working..we were the company! This decision could of been avoided. You didn't have to destroy people's lives and families to line your pocket.. Thank you for hurting so many!
If you agree to the severance package, do you give up your right to sue the company?
My husband was let go by phone but hasn't received his "package"/paperwork yet.
Can anyone really explain what somebody does for $16 million a year
It seems to me that if you were being paid $16 million a year you shouldn't be losing employees and sales and it's just not the answer to keep paying 16 million maybe that person should be cut ???
You push a bridal program , that no one agrees with!!!
You let customers abuse the employees...the return policy is an out right joke !!its known as bed bath and barrow .
Get rid of your do nothing district staff !
Let your VERY competent store managers do their job !!then you won't need a district merchandiser.
You need to start talking to the people who actually work for you and ask what can you do better...not what more can I get you to do!!
STOP allowing returns on things that are ridiculously old !!!
You live in a society where everyone is and health freak and an animal lover stop using your down ..be the company that comes out with a better alternative down.
I have tons of ideas that could save us..but no..keep hiring young kids for nothing ..living in north Florida ..my retired customers want to see people their age and that actually know who they are and know what they want !!!!
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Company has no loyalty, the Eisenbergs and Feinsteins made their money.
The next layer is ok with stock and compensation.
The Dept managers are the losers in this, not quite enough salary, limited stock. (And it's down )
Even a class action suit will not return any substantial dollars, the lawyers are the ones who make out.
BBBY is a thing of the past, Linens & Things went out, now today with Amazon and the net brick and mortar can't compete.
This is a last ditch effort to help the bottom line.
Summer seasonal has been the same import assortment for years, Back to school bails out those low volume locations, Bridal is ok but you get such a small piece of the market share.
I suggest moving on and apply to other companies, bringing what you've learned (ordering, merchandising, dollaring sections, etc.....)
If the class action suit delivers anything it will be icing on the cake.
Just my thought.......... From a prior employee
The Vitamin Shoppe is hiring!!
Cut 900 jobs effect 900 families save 16 million.
Cut Steve Temares effect 1 family save 16 million.
They had us train others at our jobs then lay us off. They will reap what they sow if it kills me.
I worked 27 years for those monsters only to have them call me at home and tell me I'm no longer needed. I've already contacted a lawyer. They saved many other department managers by promoting them. 2 managers were hired in for us to train them in April. Those two should have never been hired. That would have saved to dept managers that got laid off.
To the district poster below...your post pretty much pissed me off so excuse the rant but I have some stuff I need to say.
If you are on the floor and truly helping your stores when you can then you are not the problem. Not sure what region you are from but in mine 90 percent of any district support staff wouldn't be caught dead on the sales floor other than for their "walks" and certainly wouldn't ever help with freight projects or being lod. They are in fact encouraged not to help us by their superiors. They absolutely DO sit in their office all day and If questioned by customers on their way back from the bathroom or giving out orders to the associates they quickly pass that customer off to one of us. Some culture. How sad is it that our RDMOPS will come and help and ring registers still to this day when in the stores but our DCST won't even come down to the floor when it's insanely busy and help and no one asks because they all know how that would turn out. That job IS customer Service! How the hell can you relate to our customers if you never interact with them? How can you identify training opportunities when you only make observations When you feel like it? Oh that's right just blame the CST for everything thats wrong with T&D in the store. It couldnt possibly be upper managements problem they created the ADP program after all which definitely solved so many new hire training issues....please. I wonder how many jobs could have been saved if a bunch of useless spiral notebooks didn't need to be purchased only to be trashed and never used after a week on the job. Not to mention all the dittos and needless printouts that waste so much paper. That's money in the trash that could have gone elsewhere but instead 900 people are out of a job?
The CST is being pulled in every direction possible, front end manager, customer service desk helper (because we only have one person up there and the store is hella busy) bridal manager (sorry you'll have to be In charge of the bridal business because so and so isn't cutting it even though they are back there every day full time with the time and training to get the job done but they are not being held accountable by anyone) pack and hold lead, orientation giver, federal paperwork organizer (but no you can't enter them into my source only a manager can do that so it takes twice the amount of time it should to get these people set up) scheduling (omg no line ups??!! You didn't make any lineups???? Now I as lod have to write todays breaks??) pos events if IC is not available, Gwp rebates, videos, front end university, hard side soft side coverage, lod, picking up the slack for the lazy untrainable person who works at night who can't seem to recover anything at all...but let's not hold them to it (that's just the way they are) "youre going to help them recover right? There's no time to work on your stuff you know they need lots of help." How long have they been here? 5,6 years? That's fine don't expect more from them just make the ones that work hard do even more.Running the closing lods shift for them because "they don't feel good" or "they have stuff they need to do off the floor" gift wrap Station recoverer and filler (better get it done before dcst comes back in or else. No one else has to be blamed for the mess, not the person that was scheduled to recover it the previous night, not even the managers, just the trainer)
Not good enough ("consistent") to become part of management but good enough to do all the work. Hmm something feels off... but then again if i had been a dept Manager I may have been let go so...
Often I walk by the district offices and they will be sitting together talking about their weekend plans while the store is understaffed and struggling to take care of customers and perform tasks. Props to you for helping your stores, unfortunately you are one of small minority that will do it. Perhaps your DM demands it and if so I have a lot of respect for him or her. No one is above servicing our customers and the support staff is supposed to be supportive. Good luck to you keep doing what you're doing because alot of the full time non managers sure do appreciate it even if it doesn't seem that way. Im sorry to all that have lost their jobs.
I'm just a part time peon because I have my career outside of BBB. When our higher up had to let a couple of managers go, I felt sorry for him as well. What a horrible part of the job. He looked so sad, I know he didn't find any pleasure in what he had to do. I wish I had the answer for brick and mortar retail stores in competing in this technological age.
We will be praying for all those families impacted by this.
I'm not a "district manager" as you stated - I'm in a district position , and I won't blame other managers who are just trying to survive in a rough retail world if I were next . Last year I took on a double workload - twice as many stores , I'm stressed and tired every day - but I choose to work in a VERY tough , competitive field so if I were next - I'll be mad - and sad - worse than I am now , but not at my peers and friends who work in the stores and in the district office . It's not their fault - they are by no means the ones that made this decision . And as someone stated earlier - if you owned your own business - especially in retail , you could easily be the one that has to make tough decisions like that , and if you don't or can't do that , you probably wouldn't have a business to run
Class action lawsuit coming soon. I regret to inform everyone that the Regionals knew about this since March. March 2017, a bridal department manager for 11 years gets transferred to our store for 1 month than gets promoted to District Customer Service. Two more department managers get promoted to Operation Managers, salaried. These people were saved from the layoffs. They saved who they wanna saved. Karma is coming to their town. 😡
To the "district manager" below! BBBY is over. People who fire people get fired! No matter what the job is! I don't work at BBBY but my husband did and he was just as hard working as u! Maybe even harder! when the store closes and ur gone u will be saying the same Sh*T and blaming them on how this happened to u because ur such a hard worker! GTFOH!
Those that complain about "district staff".... you don't belong in retail . I've been with the company for over 10 years and I busted my a-- from day one as a dept manager, to an ASM , to an SM, and a few years ago to make it to a district staff level . And guess what ? It was hard work ! But guess what else? Now , technically with the hours I put in driving to 18 stores - on top of working a minimum of 10 hours a day and then driving home 2 hours or more , lucky if I get to at least say good night to my family - now it's even more stress and harder work ! I help stores , I work on the floor , I cashier , I do my own orders , I sling freight when I need to , I pick up LOD shifts - and guess what ? I still have to finish my huge to do list "in the office" as some of you put it . Until you've walked in ALL shoes , and blame others - you should hold back on offending the rest of us HARD working retail workers . Retail is a tough gig . But I still love it . And you know what? My eyes are open - if I need to make a decision for myself to leave if the ship sinks then I haven't been blind to that possibility in the last 5 years of fighting the Amazon takeover .
Why does everyone take it out on their own ? The millions of people working in the retail world should band together and fight the Amazon takeover by GIVING GREAT SERVICE and making the customer WANT to come in to our brick and mortar ! If you don't want to do that - get out of retail . You don't belong . I lost many many friends this week - and I am grieving as well - but it's so much more than some of your limited minds can understand .
NY area Department Managers who were affected by this ought to consider this before signing that severance package , if you have done so you have 7 days
https://www.bigclassaction.com/lawsuit/bed-bath-beyond-unpaid-overtime-fair-labor-standards.php
We lost out linens, bath and front end managers in this mess. No doubt us full time employees will be asked to cut our 38-40 hours down to 25 or less. All because they no longer want to pay benefits and save a little cash. (Here's a hint, quit spending liquid assets on new companies and pay us more than a .25 raise we just our asses for).
I feel awful for those who lost their jobs, their security, and their benefits. The atmosphere in the store is, well, quite miserable. We've been so short staffed and running full tilt, for so long now, that we are burning out. We now have more responsibilities with half the resources and ability to give the customer service that BBB was famous for. Now with these cuts, it's only get worse.
I used to love coming to work. Now it's a chore and I've stuck around nearly 15 years. I suppose it's time to brush up the resume.
Class action lawsuit. Please will a lawyer reach out to each and every one of us!!!
We lost two great and hardworking managers. I understand the drive to save money and I understand that this helped to save the jobs of other. But there were other options out there. Asking people to volunteer to cut hours or pay. Revamping the return and coupon polices. Not opening so many other new stores when you know that the stores you have are already in trouble. I may still have a job, but now I'm being asked to the job off an additional employee and rest assured I'm not getting paid any more or getting the ok for more hours in which to do it. And who knows how long the job will be there. While there may have been wonderings on this subject firing people like they did was uncalled for. And it makes the remaining employees question their faith in a company that used to be great to work for. A lot of those now remaining are dusting off resumes just so that they're ready to go.
OK toothbrush girl you should've lost your job along time ago read read everything you wrote it just doesn't even make sense thank God you're gone
Everyone at the top is tired, old & wanting to get out, but cash in at the same time. Can you really get a buyer for a company with payroll so out of control. 800+ Dept managers making 50k++. With the cuts BBB looks more attractive, just wait and see.....Private equity firm will step in after the 4th qtr.
Does anyone know why they didn't give those laid off a 60-day notice of the impending layoff as required by the WARN Act?? There are penalties for not providing notice when there are large layoffs coming.
Maybe now they'll be able to afford a decent cash register system
20 yrs no write ups. Broke my back every day. All day. N on my day off I get a call. N they tell me my mngr position is no longer needed. N I'm no longer needed. N that I no longer work for them. So sad
I've been with the company 15 years. When I first started things were different and I was trained very well by many people, most who are no longer with the company. I was excited then and eager to get the job done. Fast forward to 2017 and the company is nothing like it once was. I along with Most of my co workers are miserable and store management are just looking forward to the end of their shift when they aren't busy butt kissing dm's and "support" staffs butt all day long. Customers are greedy renters not purchasers who are rude and disrespectful to us yet the company Treats them better than they treat us. Our bags are checked like thieves daily and if we have No proof of purchase and need to return something that broke we are out of luck because we may have stolen the product?
Yesterday many people I've known learned from and Worked hard with over the years were let go without warning. One being a manager I had closed with just the night before. He is the sole income in his family and has a child with special needs. I'm disgusted but not surprised that this is the way the company is treating us. I'm an hourly CST but my salary compares to that of those that were just laid off. I fear I may be next as well as hourly supervisors in my pay scale. What a terrible company and district staff sits in their offices day in and day out reprimanding you when you don't get their tasks done and act like they should take priority over everything else going on in The store. Why is it that their jobs are secure? Guys, get your resumes updated and put on the job market now. Don't wait until they decide to direct deposit your severance and show you to the door.
If they needed to cut positions they should have left just the DM and let go the DCST, DMM, DHRM, DMOPS, DLPM, RCSM, RMOPS, RHRM, RMM, RLPM and RMOPS ALL OVERPAID and bring nothing to the stores bottom line. Just continue paying their meal and travel expenses for visiting stores and telling the store what they already know. It's a joke these positions.
Coupon policy needs to be reworked and returns are out of control. We are known as Bed Bath and Borrow. The crooked customers are allowed to do what they want and we stand back and let them do it. Afraid of getting a complaint.
So what was the hourly pay these department managers were getting paid?
No write ups, no trouble! 22 years kept my nose clean. Busted my butt everyday for them. I saw male managers have affairs with their staff, co managers and even customers. They are still there and I am laid off. Terrible! There are other ways to cut back. I think length of service and age are a big part if this mess.
With ppl returning items that are 10 yr old and getting a new item no question asked because they are afraid of negative comments. It's only fair to say they loose money everyday. They take back everything whether it's theirs or not and ppl walk out with a brand new item. No one should blame Amazon or online shopping Their own fault plus their prices are way overpriced .
A sad day indeed, many have said that amazon is to blame, truley it is those that work in Elizabeth N.J. That should be taking this blame. Reinventing a good product model with the likes of Harmon, Christmas tree shops, and all the other poor decisions to "improve" store sales are the real reasons for these layoffs. The company had always been a cash cow so to speak, before these aquasitsions. Bridal registry goals that were not realistic and other higher up decisions that did not perform, and the refusal of the main office to listen and learn from those in the stores that these programs and similar programs were false. The office and supervisors believed that many of these programs were working and refused to understand that they were not. That hard line to take and on some of these programs by those whom created them and his/her refusal to pull them to serve their own pride is key to this companies decisions. The very people who stood for the last 16 years or more, who tried and promote, push, and make these poor promotions created by those in an office with no real retail experience, makes this an even more tragic decision. The very people that did what BBB asked them to do have been dismissed. BBB had a great product, the last 10 years of young professionals added to create and implement these bad product models are the ones to remove. I'm sure last evening these same professionals thought it the right thing to do......removing years of trained, dedicated, and proven management, from this company. This can not be a promising decision going forward. With so many stores and so many family members that are still working for BBB the next year will prove to be horrific fr this chain. It will be a slow and controlled crash to an end of what was once a great company and a fun work environment..
Bbb exec salaries:
CEO: $16.9m
CMO: $4.2m
Sr. VP: $3.8m
COO: $4.6m
CFO: $2.6m
Total: $33.1m in 5 positions in a company who terminated 880 associates to save half that. This is not what I call protecting a company's profitability. This isn't to name the countless useless positions that make a good deal of money to do nothing often time not leaving their offices for more than a bathroom break. Why would a company have a rvp, rm then rd in cs, lp, ops, merch, to then have rm/rts in all these categories to then have it repeat at the district level? And none of them know anything about their customer! And the expect success? Not likely!
The writing is on the Wall, this company is hemorrhaging loads of money. BBB was a 16 Billion dollar company, in 2016 it barley made 7 Billion and by the second quarter of 2017 it had 2.6 billion, and the company is down already this year.Trying to keep up or compete with Amazon is a lost cause with a big doom to failure. Jim Cramer is on point when he called BBB a dinosaur. The executives have there head buried up there butts and no clue on how todays retail market and customers are. There is no loyalty from the consumer anymore. It is all about what they can get away with. and the company does not understand the the customer is not king because BBB created the monster.
This was a business decision made by bbb that has been a year in the making. I saw this coming when the dept manager position was dissolved in favor of hourly supervisors. While I feel for all those who lost their jobs, this had to be done to protect the future of the company. I feel like others this is only the beginning. I see total store closings in the future. Sales for the company have been falling due to online competition for years. Its better to do what needs to be done now to protect the company's future than to end up like circuit city
People are getting layof because of Amazon and this (RTTNews.com) - Bed Bath & Beyond Inc. ( BBBY ) announced the company has initiated in approximately half of its U.S. Bed Bath & Beyond stores and about a dozen U.S. buybuy BABY stores, a limited realignment of its store management organization, primarily resulting in a reduction of about 880 Department and Assistant Store Manager positions. The company said the organizational changes are estimated to generate future annual pre-tax cost savings of approximately $16 million. Due to the timing of these changes, the pre-tax cost savings for the remainder of fiscal 2017 are estimated to be approximately $7 million.
The company expects to incur pre-tax cash restructuring charges of approximately $17 million in fiscal 2017, primarily for severance and related costs in conjunction with these changes, all of which will be expensed in the second quarter.
Worked for BBB for 10 years and left in June 2016. All the best of luck and support fot everyone affected. I only wish that the layer upon layer of regional and district management had been trimmed before the actual day to day hard workers.
My husband got laid off today as well after 18 years of devotion to the company. No warning - just told to not tell anyone as he left as they had others in the store to notify. He asked if he could just take a demotion - was told no & that he could reapply in 6 months. Sad day for us!
Very sad day !!
We lost our CST today. Only to be told someone will be taking their place, working for less pay and hours. That is BS!! Why let them go then. Just say hey, we want to keep you on but we need to cut you 7.5 hours and keep you at 40. It is an insult to the people who have put in so much.