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?
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
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
Rumor has it that more senior leaders were let go....anyone have details?
ftd is done!!!!!! the middle management has been around for over 10 years and they dont know what they are doing. Why are they keeping them on board who knows. they are only about themselves and not the customers. They try to screw the florist over... — read more
Would not have thought it possible.
Does anybody have any info on more layoffs?
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
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?
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
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
Has there been any news?
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
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
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
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
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
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
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
When is nexus going to remove the highest paid executive who would not last one week without SVP of Customer Experience.
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
What kind of severance payment is offered? Also, is it possible to negotiate the severance?
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
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
And most likely there will be many more before the end of the month. I'm just worried what's going to happen if this whole coronavirus crisis is not over by the end of April as many are hoping. If it lasts much longer, none of us will have a job by... — read more
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
Does anyone else find it upsetting that FTD is still posting new jobs and fictitious information about how great it is to work for them although their bankruptcy has costs so many jobs?
Can't find any info about this guy
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