Thread regarding Bed Bath & Beyond layoffs

How did BBB wind up with so many managers to begin with? The answer is easy- “differential overtime “. When that went away, the managers started going away. Differential overtime allowed BBB to work their managers relentlessly and pressured them to do so. After all, the more one worked, the less they got paid. When managers received differential overtime, the message from upper management was “ if you don’t work extra hours, you’re not committed.” Then along cane Obama and all of a sudden management had to be paid time and a half for overtime. The message from upper management changed abruptly. Now, if you didn’t finish your work in the allotted time you suffered from “poor time management.” Notice both messages revolves around work and not managing. For years, most BBB Managers managed no one . They have been misclassified for years. It was just a way to get outrageous amounts of physical work done at a discounted rate.

How does anyone get more than 4 weeks vacation?

The most vacation time is 5 weeks. How were you getting 6?

@YmYsaiq-2dih

Did you get laid/off, any severance pay?

What store

I feel for you , I was 18 years. 72k 5 weeks vacation and I chose not to do 401k, didn’t trust them

Age 60, making $62K, 6 weeks vacation, spouse on my insurance and my 401 k match! Yep that is right and 23 years gone!

I agree. Was an asm/ops 6yrs ago. Always me or ee reviews. Was let go over a simple saftey violation. I was in the low 70s for pay I swear that was the driving factor.

Best thing that ever happened to me was being let go. Better job more money

The purging of management started years ago. Before the layoffs, many assistants and department managers were dismissed due to trumped up “safety violations”. At that point, the thinning numbers of department managers were never given an opportunity to advance- they were routinely ignored by dms and rms on visits. Their elimination was discreetly decided in “succession planning” meetings. These facts can be disputed and discussed but the fact that cannot be disputed is how the ceo and the board could authorize $6 billion in stock buybacks for a company that is currently worth $2.3 billion. Hello, you flushed $4 billion down the toilet. Then you come out and say that you’ll dismiss 900 managers to save $17 million. Brilliant maneuver- 900 managers gone but the ceo and board that authorized the ridiculous stock buyback is allowed to prosper. So now when the hr managers troll this site with pro BBB messages, please explain the stock buyback.

Force them out. Hostile takeover seems to be the best way. People are losing respect for the company after reading about the truth. So many people say they aren’t shopping at bbb anymore. They still is hope if they replace the ceo. 65000 employees depend on a change and a good outcome.

It just shows you the ones driving the bus are the wrong ones, only lining their own pockets. People wake up and stop helping!