I guess you forget to realize that every manager that you laid off, they will tell their families, their friends, post on social media, you just hurt your company badly!!!!! by the time all this gets out and word-of-mouth and on social media... well bath and beyond in-store sales will drop, who wants to shop at a store, that that the CEO Steven H. Temares does not care about its people. Well good luck bed bath and beyond, let's just see how long after this you still stay ahead. You just lost some great people. Like you said the best advertisement is word-of-mouth, well I guess bed Bath and beyond will eat its own words.
Well sales update..!!!
August stock sale price. $30.00 share
September $29.00 to 21.00 share
“Released of 2nd quarter earnings”
October $19.50 share
“Stock is going down fast, company total asset is 53 billion dollars that is not good for a company of this size, they should be in the trillions for those that don’t know or understand. This price would be ok for a start up company or level 2, bed bath and beyond is a level 3 but asset reduced to a level 2 and dropping fast, that’s why bed bath and beyond is one level away from junk stock.”
So yes if you think your job is safe!!! Please think again, if you have been with the company more than 8 plus years and are making 50k plus you are going to last, store managers, sorry to say your job is done by December- why!!! Because they will keep the DM AND PUT THEM IN STORES JUST TO SAVE THERE JOB!!!
So get out now!!! ASM/SM RUN !!!!!!! Because DM AND UP WILL TAKE JOBS FIRST BEFORE THEY GET LET GO.......
Also once the stores lease is up!!! Store will close.
Also company is sealing and working a deal should close December or January.
And you might not Even get a severance package. Good luck to all and hope the best.
“ WEST COAST “