Jeff, as you stated in an interview this month, you noted that you have been with the company for over 30 years. Why then are you targeting long term skilled employees? Employees that have helped shape this company, just as yourself. Employees that are willing to embrace change and do what it takes to get the job done. Behind the scenes you are planning on out sourcing many job positions. Why? To hire back at a cheaper pay rate. This is wrong Jeff and you know it. Place these people in other positions. Some of these folks are over 55 and have worked their butts off for this company, have embraced the change, even kept their balance chasing their tails with misguided direction from you. You start a "Give Back" campaign, maybe you should set the example. Give back to talented skilled staff that you are planning to lay off. Find a home for them .
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There is no loyalty in this company anymore not to employees or the customer. You can see it daiily. It’s so sad to see and I truly think they do not care as long as they believe the revolving door is working for new employees and customers to keep coming. The wake up will come when they realize no one wants to walk through the doors anymore.
Private equity firm: Eddie Lampert?
"Why then are you targeting long term skilled employees?" Because they're expensive and Macy's is more interested in cutting costs than retaining quality employees.
Eventually they'll be shopping themselves around to private equity firms again. Once the company is sold, all the under-skilled, over-worked, over-stressed, outsourced employees will be someone else's problem child to deal with.
This is 2018 and the rules have changed, drastically. Corporate loyalty is dead and 30-40 years of dedication to one company is for s---ers. You better be looking out for yourself first and foremost, no corporate entity is going to be keeping your best interests in mind.
Company in shambles 6 billion in debt. I suggest you and Hal take a pay cut before laying more folks off.
Jeff said " happy new year ".
He actually enjoys this, like Nero and Napoleon. Older employees are generally veterans and have managed the company during all sorts of challenges. They also cost more but also contribute more to the bottom line. They are often deemed intolerable when they don’t cheer over the latest bs narrative that is being shoveled at the public, financial groups etc. They also point out when things are not working out, offer solutions but this is not tolerated. Count up how many lives have been affected by him. For what. A company in shambles.