I gather with all this information full time with benefits will be the next to go. Disgraceful and Disgusting!
5 replies (most recent on top)
Now hiring workers and get no benefits!! That is one hell of a recruitment drive!
Now back to the same poster, ad infinitum...
The BS is now flowing freely... not one full-time employee except for some management... now that's a plan for total liquidation!!
It doesn’t really matter if no one is ever laid off (fired) again. There is ZERO upward mobility in this company. The facts are simple. The CEO’s salary has been referred to as “the worst compensation package in the entire s and p 500”. CNBC’s Jim Cramer has referred to BBBY stock buyback as “the worst stock buyback in history.” Way back in the early 2000’s, bbb was involved in post dating stock options and dodged a bullet by the skin of their teeth. They corral management into small groups and spread an anti union message where if any employee dared to speak pro union they would put a target on their back. They bought back failing sons businesses: Chef Central and Buy Buy Baby. I’m sure they have plenty of reasons to say otherwise, but the common threads of layoffs seem to be tenure, age, health care benefits (self funded by the company) and 401K matching contributions. They have more respect for the rights of shoplifters than the rights of employees. They are, however, still cash positive and if the board of directors and ceo are replaced, there is Hope. But who wants to ride that out?
No it’s not a joke! BBB can’t afford the benefits earned by full time. The only full left will be senior mgrs. Understand this , benefits are very costly to bbb and that’s another way to control their bottom line. I got this straight from a HR that is now gone!!
You full time guys know how they operate, you’ve seen it for years so don’t act like it’s something new. You would be smart to get looking now, either way they will screw you out of your vacation pay if you don’t work the whole year. BBB needs a wake up call, everyone needs to ban together, give each other leads! There will be a few of you say
“Bbb needs me I’m safe”. Big really big mistake. Good luck to all of you.