The CEO just dropped a bomb on the Area Directors and some GM's. Gone....like a flash in order to save the upper echelons pay. They will not stop the layoffs! Run, don't walk away from TCS. You're all expendable in their eyes.
The next round of layoffs have happened. It’s being kept hush hush. The tenure of laid off employees ranged from a few months to 20+ years. There was no notice given. No one knows what is happening they are claiming restructuring with no information... — read more
I'm petrified this might last longer than expected and some of us end up never getting called back as a result. Please somebody tell me I'm being paranoid for nothing?
Source below... The Container Store Group announces furloughs, pay cuts and reduced store hours The Container Store Group Inc. has announced corporate pay cuts, furloughs and reduced hours for stores in response to the COVID-19 pandemic... — read more
Store closures, temporary layoffs. This is tough time for all of us.
Soon TCS will b so in debt and leveraged (credit lines) that they won't be able to get out of hole. No clue how firing best of store staff can improve a anything.
Signaling the end. Company downsizing not over. Bombarding Glassdoor with shill reviews. Surviving employees myself included told not to discuss publicly. Signs of Radio Shack and Sports Authority.
How does this make sense at all - you make more money, but you let people go. Why!!!
Laid off 100 employees across the board but still hiring new people in different positions.
My store lost 5 senior staff - people who are the deep bench of talent, 18yrs, 20 yrs. Yes these star performers and amazing store sales floor/closet experts were given no notice - showed up to work and within 30minutes out the door, terminated... — read more
Look around and see what's going on. Read other boards on this site. Since 2009 it's been one big bubble and now it's over. Management sees the writing on the wall, doesn't care about how good staff are, just an expense cause companies aren't making... — read more
Mostly the front line employees? Did the company offer voluntary leaves in order to save jobs? Could they have eliminated 1 or 2 so-called "director" positions to save the jobs of single parents? DFW is crying crocodile tears but the bottom line is... — read more
A company-wide wage freeze to protect everyone's livelihood did not worked for us at CTS. It was a good try, but did not work. We are just like everyone in the industry now, chasing the bottom line and do not care about employees. Don't lose your... — read more
I hate this as much as anybody else, but something had to give. The entire economy is suffering and if we expect to have a job once things get back to normal then some sacrifices are necessary right now. I'd rather have a company to return to than... — read more
Letting people go left and right but they need to get rid of upper management instead. The “essentials “ didn’t cause the mess. Literally let go an employee who moved family across the country for this company and then let him go. Classless!!!