Executives sell off?
Topics regarding layoffs at Office Depot
Or do we have to wait until August 7 to find out when we can expect more cuts?
Office Depot made a big mistake buying Compucom. These new executives that came in after the failed Staples merger tried to BS us all on corp campus by having ice cream, cupcakes, party in the auditorium, invited to a local bar where my EVP bought us... — read more
So I was fortunate to make it on first round, now the rumors are more to come after disastrous Q2 upcoming results. What have you heard? (HQ corporate)
I was laid off may 8. A logistics manager was laid off also, after 21 years. She had an hour notice, I had 5 minutes. To my knowledge, nobody was offered severance, we got told to submit our time and expenses by 1pm that day. I mean, it was slow for... — read more
At the request of Office Depot, Palm Beach County could terminate the $100,000-a-year incentive program it has with the office supply retailer. The deal was put in place to incentivize Office Depot Inc. (NASDAQ: ODP) to build and keep its... — read more
Severances were supposed to be paid today and they can’t even get that right! As if being laid off was not enough, some people got their severance direct deposited and some didn’t, I am one that did not. What a joke. You’re welcome for the 26 years... — read more
I am won of the associates that were left behind. In the past when the company was looking to do a restructure/RIF they would reach out to senior associates to see if they were interested in early retirement with a severance package. I would have... — read more
Just depends on position and how they classify it. If you're a corp/field employee and they restructure the teams and you end up laid off due to them eliminating your position, than you'll probably receive a severance package. If you're a GM who has... — read more
Sorry if this was asked and answered, but I can't seem to find it. I'm planning to leave on my own, but staying a bit longer in hopes of being laid off and receiving severance is something I'm also considering. I am worried though that Office Depot... — read more
sketchy sales tactics and badgering customers to sign up for services when all they came in for was a pencil. managers are on the associates because the district managers are on them so on and so forth, gerry smith has done nothing for this company... — read more
I left 3 months ago. I saw it coming after the one financial analysts in my department quit in less than a year. All you have to do is look at the numbers. Get out while you can...now they're just rearranging the deck chairs on the Titanic.
I’m going to be grateful for what Office Depot did provide me and my family over 13 years, but I will never understand the decisions being made. Loyalty and dedication are not words appreciated in the corporate world anymore. I was generating... — read more
Did anyone else not receive their severance package that was promised by Saturday? HR said it was shipped NDA and clearly that wasn’t the case given I was laid off on Wednesday, and didn’t receive anything Thursday through Saturday.
That is definitely a terrible way to be managed by one’s employer. It’s certainly not a strategy that would inspire positive morale, loyalty, or any long-term performance improvement. That is simply a desperate executive management team exercising... — read more
Not sure for how long, but for now the worse is over, I think.
I’m sad for all the layoffs but down in the trenches at retail level we have been on pins and needles far longer. Our annual reviews were based off of 2 quarters which led to a rating of Needs Improvement, no raise and a PIP. We are told that if we... — read more
Is anything rumored? I doubt that any of this will stop any time soon, so there has to be some method in which they will do the closures. Has anyone heard anything or has anyone seen any symptoms at their location that could indicate closure? What... — read more
So, after a long week of layoffs, corporate restructuring and a town hall where Gerry and his financial 2nd in command wear $300 shirts and thousand dollar watches while telling us "we have to be all in..."..... Then we hear from HR that Depot day of... — read more
Yes, the layoff's have begun at Corporate. What is it going to take for these high paid exec's to realize outsourcing to India Is not the way to go! They would have done better to rebrand as a USA company. Who wants to talk to someone over seas?... — read more
Share if you've heard anything, please. I'm really anxious ahead of the weekend, not knowing if we are done or not.
Multiple teams at Corporate told today that layoffs are done. Company-wide town hall with Gerry Smith tomorrow morning to announce this is the new team.
Any ideas on what else we can expect this or the following week? Something tells me that yesterday was just a start. I haven't heard about much going down today, but I'm not ready to take that as a good sign. Office Depot has burned me before... I'd... — read more
300 people fired with 200 more to by by Friday! All because compucom lost money in Q1. Failed attempt at building shareholder value. They think they can turn over the contract division to ISO. Good luck with that!
Any information on a swath of layoffs at all levels of the OD organization? Directors and VPs in this round.
https://www.finance101.com/bankruptcy/10/ 50 Failing Companies At Risk Of Going Out Of Business In 2019 — read more
Anyone else hearing this? All conference rooms on 1st floor north are on hold.
Hello everybody. I was hoping somebody might tell me what kind of severance is being offered by Office Depot to employees in closing stores and who is entitled to severance? I don't think my store is closing in this round, but I wouldn't be surprised... — read more
https://www.businessinsider.com/office-depot-closing-stores-list-2019-4?utm_source=copy-link&utm_medium=referral&utm_content=topbar&utm_term=mobile — read more
In corporate there are talks of buyouts and severance packages however if you are seen as underperforming you get the axe
Many stores will be closed by end of may, company says lease agreements are the factor for most closings.
2 southern new jersey OD stores are closing in May. Corporate told employees all was well and then just came in one day and dropped the news. District managers have already been let go. Supposed to be restructuring but closing stores that are still... — read more
Burlington NJ and Voorhees Township NJ stores are closing mid-may 2019.
ODP is closing stores in south jersey
Office Depot UK has announced its yearly round of redundancies with over 70 roles initially at risk.