With the sale off the table, I can now breathe a sigh of relief. There was no way in which we could have gotten out of that without huge layoffs. That's just the way things work in these situations. Selling off some of the real estate seems like a... — read more
Will they lay off people in the corporate office? https://www.cnbc.com/2022/06/22/franchise-group-considers-lowering-kohls-bid-closer-to-50-a-share-from-60.html
The people that I work with are always happy to help and work together as a team. We have the bare minimum which when we are busy can become quite hectic. Sometimes it can be satisfying but most of the time it’s not - especially when we have call... — read more
belk associate here. our owner sycamore partners is looking to dump belk and buy kohls. seems like a lot of rats in both stores are jumping ship so keep a sharp eye out
Department store giant Kohl's has been offered an acquisition deal by competitor JCPenney for a whopping $8.6 billion, according to a New York Post report. Simon Property and Brookfield Asset Management, both of which aided JCPenney out of... — read more
i along with my coworkers feel over worked at are store due to canadian shoppers they are rude and mean compared to regular customers they make messes in the fitting rooms and shoe departments and complain about not getting the're discount a week... — read more
some "consolidation" today. directors and managers it sounds like. not sure how many or the scale.
“In 2021, we delivered all-time record earnings per share, significantly ahead of our expectations. Our operating margin of 8.6% exceeded our 2023 goal two years ahead of plan, a direct result of our efforts to restructure the business to be more... — read more
I just read some article that specifically highlights how Kohl’s has struggled to fend off competition from online retailers// Wasn't such a strategy doomed from the beginning? I’ve been working here for a long time and I’m very sorry that this... — read more
That is, how many stores could be closed due to the likely acquisition? Ah, I should have left earlier.
Any idea how the offer the activist hedge fund Starboard Value made would affect us? I heard that whenever activist investors get involved, cost cuts follow. In this case, that would most likely mean more store closings and more layoffs. Am I right... — read more
What they be? Ohio specifically if ya know
My New Year's resolution is to find a workplace where I won't have to get yelled at by rude customers all day long. It wasn't like this before but things have changed so much, especially the customers, and now I have to take verbal - bordering on... — read more
i also wonder if anyone else is going to lose the're mens wear dept soon in spring like whats going to happen to the space
I haven't heard any rumors about more layoffs or closing, but I was curious how Kohl's handles severance? Who is eligible and how much is the payout? Are there any other benefits included or is it just the severance itself? I'm just trying to stay... — read more
What are your thoughts about potential Kohls layoffs? Any chatter, news or rumors?
Target is paying its employees an extra $2 per hour during the peak holiday season. It's also making sure to give more hours to its employees rather than hire as many seasonal workers. What are the chances Kohl's will do something like that? I'm... — read more
This place is he-l! Work/life balance simply doesn't exist. The management keeps taking and taking from you until you're ready to break and then they decide to get rid of you for whatever reason they can think of (usually pure bu-----t!) Anything is... — read more
Is our economy really that screwed that not only is this mess of a company STILL one of the Fortune 500, but it's among the top 200? How is that even possible? The only way I can explain it is volume, certainly not the strategy, vision, or management... — read more
Store lps are being cut in the new wave of layoffs! Sad to see some of them go! News hadn’t reported it yet!
I'm getting more and more worried. If our sales continue to be this low, I'd be surprised if we remain open for more than a month, two at the max. Is this specific to my location or is this happening throughout the entire company? I knew things were... — read more
The arrival of Sephora at Kohl’s, what do you think about it? What good can this bring to this company? I was honestly really surprised when I found out about it, at first I thought it was just a rumor that will never be realized.
Former Kohl’s LP executive who is still in the know has mentioned to expect more LP cuts. The last around impacted regional LP and and some district level. This round will be more significant impacting district LP along PNW, CA, Southwest.
Despite the huge loss that Kohl’s had last year, the CEO is “extremely confident” in the company’s outlook. As an ordinary employee, I am not so confident when I read that full year net sales are down 20%. I'm not sure if there is room for... — read more
Is there any truth to them?
Will companies choose to rehire laid-off employees or hire new ones? the indications are that it will offer loans or other assistance to companies to rehire workers who have been furloughed or laid off over the last nine... — read more
Thoughts? Any Kohls Layoffs 2021? Any news or rumors?
Last round of layoffs doesn’t seem to have improved anything. Would think there will be another round of layoffs early 2021 if not sooner. The increase in credit events is very telling of the desperation. Being a non-essential retailer in a... — read more
These are sad days for me personally and for the company. I've been laid off together with hundreds of coworkers. Most are left without a steady financial means to support their families, pay their bills, put food on the table... I’m sure some of us... — read more
Kohl’s has way too many high level people commanding large salaries making cost cutting decisions to save their own bonuses. I’ve seen the president and her marketing minions completely redecorate their corporate offices to the tune of hundreds of... — read more
I am not shocked by Kohl's layoffs. This has been coming at them like a train. When the pandemic hit, they closed their stores temporarily and lost tons of money...so much that they took out a gigantic line of credit to try to stay afloat. Their... — read more
Is anybody else surprised to see major media coverage of these layoffs?
It seems like layoffs are done for now, but it would be nice to get confirmation. My heart goes out to those impacted, especially during this pandemic-caused economic crisis. I truly wish for each and every one of you to find better employment much... — read more
I am from Milpitas, CA digital office. We know many people impacted Tech Manager/Project Manager and Release teams.
Heard there is another round of layoffs at Kohls HQ that started this morning. Don’t know details yet
I just read an article with some interesting observations why consumers skipped the shopping malls and shopped at our off-mall competitors instead during the lockdown. Even before the global health crisis we could see that trend. I wonder if we can... — read more
Been hearing of more folks being let go. Nothing has been published but I know of a couple, for sure. Does anyone know the extent of this new round?
While it may feel like everything is out of your control, there are steps you can take to manage your finances and programs in place to help you keep your head above... — read more