Good reason or real reason? Lean mean focus on businesses or, more cost cutting measures (laying off folks) - or hybrid ?!!!? RZ - Florist Div DF - .com Div KSM - .com Div Any others?

Layoffs will start tomorow =(

There were rumors a few months ago about cuts before year's end but from what I can see, nothing has happened so far. Does that mean that we're looking at cuts sometime in November or December or has that rumor turned out to be hogwash? I'd like to... —  read more 

To the former execs, You own this. There is no positive spin for your failures and poor decisions. As you settle into retirement with your ill-gotten gains, know that you earned this by driving a 100 year old company into bankruptcy. This... —  read more 

Rumor has it that more senior leaders were let go....anyone have details?

Would not have thought it possible.

Does anybody have any info on more layoffs?

1-800 Flowers announced amazing earnings and hit record highs thanks in part to the growth at Shari’s Berries, which was sold during FTDs bankruptcy. Although the street is littered with former FTD executives it’s a shame that they are still with... —  read more 

Massive fees paid by Florists and Consumers covered compensation of over $1 MILLION per year for long time leaders of FTD as it crashed and resulted in hardship for florists and pain and suffering for so many laid off loyal employees. How can... —  read more 

Interesting lawsuit referencing remaining VPs in florist. Shows a bit about the company and the choices they make. https://jenner.com/system/assets/assets/247/original/Musa_Muaremi_v._Florists_Transworld.pdf?1314218250

I am surprised that the leader of the florist division still feels ok about his leadership after having laid off so many of his loyal subjects. WEWOW till you get fired, I guess. One word for the year certainly is not HEART!

how about the 2nd story building?

Has there been any news?

In the few years I was there ftd bought a building downtown and only used 60% of it went thru a few ceos rob, Wal, Scot had layoffs every year stockwent from 30 to delisted when i told previous people who worked at FTD I was a... —  read more 

This forum is kinda dead as far as useful info about the current/future trajectory (likely because they literally just installed a new top leadership team and not much is known as of yet). That said, here's some info for anyone (even if perusing... —  read more 

If interested in how leaders (cough cough ahem) transform dying businesses in the long and slow decline stage with hip tech buzzwords like "cryptocurrency," read... —  read more 

In trying to determine who owns who before ordering up a bunch of gift baskets and stuff to send to some wonderful social workers and nurses who took care of a very critically ill family member, I cannot keep these companies straight. Years ago... —  read more 

So, someone on another thread pointed out multiple CEOs. In reality, not all were permanent, some have been interim only. Why hire a temp–whoops!–I meant interim CEO? According the Harvard Business Review... Interim CEOs are very... —  read more 

Are they just being quieter about it since they don't show as active discussion forums on The Layoff? Or are they waiting to see if postponed, but now smaller group size weddings will occur throughout the Summer first? No floral company can be... —  read more 

So why just "interim," the befuddled observer of interesting corporations wonders. Theory: Intuition at former company a bit...err...off? Eastman Kodak (which, by the way, has had a history of layoffs over the years) dabbled in cryptocurrency... —  read more 

According to this article, when Apollo turned Hostess around, the company had 1200 employees. Hostess USED to have 8000. https://news.elearninginside.com/meet-apollo-global-management-the-biggest-for-profit-education-manager-in-the-world/ Now... —  read more 

Researched this Apollo Global Management (where some Nexus Capital execs used to work, apparently). Specializes in buying distressed companies and "revamping"... —  read more 

So here's a hypothetical scenario. Let's say that in some private sector, perhaps private equity backed portfolio company, someone non management level discusses what any reasonable person would assume is PRIVATE information, such as the current... —  read more 

Inportant injunction Cooper v Salazar https://www2.illinois.gov/dhr/FilingaCharge/Documents/IDHR_Credibility_Notice_to_Parties.pdf It means credibility can no longer be determined without affording plaintiff the right to confront and cross... —  read more 

Maybe a hush hush don't talk about any embarrassing facts, like those agreements that try to buy silence and make people shut up and just go away. But you look on the internet and see... —  read more 

Quote #1. "I don't see how they can justify paying (salary confidential) to a (ADA protected from discrimination description here). Quote #2. "We could have hired anyone but a (insert ADA protected description here)!" Quote #3. "My parents... —  read more 

Competitor 1-800-Flowers https://smilefarms.org/our-story/ Chris McCann just sounds like a cool CEO Look what they set up! https://www.marketingdive.com/news/1-800-flowers-debuts-social-support-group-portal/577934/ So tempted... —  read more 

Just an FYI for The Layoff Forum Would you sign away your right to commence legal claims for... Retaliation Invasion of privacy Defamation per se Discrimination Emotional distress Insert Whatever Else Here and on top of it, accept... —  read more 

Noticed the IBM forum on The Layoff and then saw this... https://www.bizjournals.com/sanjose/news/2020/05/21/ibm-layoffs.html The media picks up on anonymous postings on The Layoff. Post links if anyone finds anything in the future about... —  read more 

Wonder if the charismatic, gregarious and manipultive types will fly under their radars or not? You know, the temperaments who spread false rumors to protect themselves from those who see right through the... —  read more 

Looks like FTD (Nexus) is installing new leadership. Check out the management section on ftdcompanies.com/managmeent. Several new executives a new CEO in March and new COO and Creative Director in May. What is Jay and Aimee still doing there? My... —  read more 

https://www.jimcollins.com/books/how-the-mighty-fall.html

You have to scroll down a bit to get to the May 2020 reviews, but they're there. Yes, you get that people tend to post negative reviews precisely because they are disgruntled about the order, but come on, flowers never arriving?? And FTD has not... —  read more 

John Tabis, CEO of Bouqs, which had been (get this) passed over by the sharks over at "Shark Tank," explains how many layers of middlemen should be disintermediated right out of the supply... —  read more 

New challenge to constitutionality of extended IL lockdown order: https://abc7chicago.com/society/state-rep-files-new-challenge-to-pritzkers-stay-at-home-order/6178259/ Economics is all about trade-offs. You cannot simply fret about... —  read more 

Despite being located in New York, a hotbed of COVID-19 cases, FTD rival 1-800-Flowers just got a big thumbs up from Zacks. https://finance.yahoo.com/news/1-800-flowers-columbia-sportswear-165204854.html

As if it weren't enough to watch a company furlough people and cut pay for others during the COVID-19 pandemic AFTER having just emerged from bankruptcy, guess what's in the headlines for top competitor to beat, 1-800/Flowers? They're getting TAX... —  read more 

Because the gosh darned State of Illinois still hasn't hit COVID-19 peak yet. Now predicted to be mid-June... —  read more 

Stock up for the (still) publicly traded FTD competitor- https://www.nasdaq.com/articles/1-800-flowers.com-flws-hits-fresh-high%3A-is-there-still-room-to-run-2020-05-11 Competitor Teleflora just got a mention in Adweek for their Mother's Day... —  read more