I believe there will be a restructure in the next couple weeks. Face the facts: less sales=less payroll.
Heres what I think will happen.
"A" volume stores will have 2 ASMs and maybe 3 supervisors. Probably
4 full timers. Everyone else will be laid off according to value to the company and wage.
"B" volume stores, 1 ASM, 2 supervisors, 3 full timers
"C" volume no ASMs, 3 supervisors, 2 full timers
"D" volume no ASMs, 3 supervisors, maybe 1 full timer but probably none as these stores will be targeted to close unless they get a free lease.
This is a restructure and completely legal. This is how you can justify getting rid of high salaries, high hourly pay and benefits.
Bedbath is in a rapid downward spiral, there is no other way but to keep cutting! The activist are correct, ST has destroyed Bedbath and honestly, I dont see if recovering. Godspeed everyone and have faith in yourself going forward to be brave enough to step out of your comfort zone and do what needs to be done!