So I can give it a critical, in-depth analysis. Thank you in advance.
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Topics regarding layoffs at Sears
Breaking news, Sears Holdings is officially liquidating all remaining stores!! It's finally done! The new CEO has officially decided to call it quits for the company! Hallelujah! We can finally be done with this sick chicken now!
Hello Associates, I will not be tolerating any impersonating of myself or the mere mention of my name or the names of any who work under me. This also includes my former employees who's careers I have ended with a phone call. These posts will be... read more
Any news of STORE LEVEL layoffs yet?!?!? Any news on what positions will get the axe on the Sears side...??
Now that the company is basically his there is no need for him to be bee in the spotlight and he is slowly stepping out of the spotlight, especially in light of the painful cuts that need to me made and the job-keeping promise that’s going to be... read more
A short but a good observation on the way the new company is going to operate and a good view on the challenges that are before the leadership. All and all, I have no reason to be optimistic... read more
can Cuts this deep still actually be made after all of the cutting that has been done so far it doesn't seem that the company would be viable with so many deep cuts
I'm not very smart. What does that mean for the survival of Sears?
...from the board of directors; as signed on Feb 12, 2019; effecrtive immediately.
Adam wants $390,00 from Sears to protect his clothing line.
Since this is the only place we can actually get answers, can anyone answer the following: -Is there an associate discount with the new company? If so, Is it any different than the past? -is the SHC discount still in effect for retiree’s? Is it syw... read more
I did not get my severence. Did anyone else not get theirs? What we do now?
...to be April 10, 2019; for claims by all non-governmental agencies; including claims by current and former employees.
Now that SHC has been sold to ESL/THC do the 18 execs who got the KEIP and the 322 execs who got the KERP basically get their cash and walk clear and free with no further obligation or do they have to stick around for some period?
This is a popular board so expecting all posts to be negative is inherently numb-skulled. Of course there's going to be positivity and optimism. Even if the posts were about nothing more than the ago-Forward Plan, people are positivr about the... read more
Just wondering what their criteria are for a store to be declared unprofitable in this new company? If it was simply up to whether a store produces a positive balance compared with the cash it burns the number of announced closings would be much... read more
Almost at three vs .15 cents. What’s happening?
Interesting look at the possible future(s). The series of events that played out during the Chapter 11 process resulted in polarizing perceptions of what's next for the iconic retailer... read more
This is a "layoff" board so expecting all posts to be non-negative is inherently numble-skulled. Of course there's going to be negativity and hatred. Even if the posts were about nothing more than layoffs, people are negative about layoffs. Unless... read more
Thought I would hear more about restructuring of a new company. Leena and eddie think syw is still going to deliver us to profit by partnering more. The message they sold to us is that now we are not burden by debt we have money to run businesses. I... read more
Name one? Must've been led by a smart guy with a proven track record of success, and probably not a complete buffoon with fourteen years of complete and total failure under his belt. On the other hand, how many retailers have filed for Chapter 22?... read more
A city boy, Eddie, moved to the country and bought a donkey from an old farmer for $100. The farmer agreed to deliver the donkey the next day. The next day the farmer drove up and said: “Sorry son, but I have some bad news. The donkey died.” Eddie... read more
Lol they save the company for the associates, what a crock
So I’m watching this and we are 20 minutes in and all it has been is what a great job Eddie and knal and the ceo team has done
If you want to sick it to Eddie make sure you always use your memeber points every time you cash someone out. Part of his bid was to assume the outstanding syw points. Now the points are paid straight from Eddie
He vowed to preserve jobs but it will be for about a few weeks until he finds some more stores to close and sell off. Really, he just bought a little more time for all parties involved. The remainder will still keep their jobs but the hours of those... read more
(FORBES ARTICLE) Lampert Has A Friend On The Government Agency Board (PBGC) That Helped Seal His Deal For Sears.
The best possible outcome has now been realized for all stakeholders,'' Lampert said. "ESL looks forward to a new era at Sears and Kmart that builds on their proud histories, while finding new ways to innovate and grow to adapt to the forces... read more
ESL Investments Completes Acquisition of Sears Holdings’ Assets Operations to continue in the normal course; Sears and Kmart members and customers will continue to have a seamless shopping experience February 11, 2019 BAY HARBOR ISLANDS... read more
There is a company wide town hall tomorrow to announce changes that are happening right away
Does anyone know currently how many associates are still at Hoffman Estates?
UCC has files on objection to Sears Holdings plan to exit bankruptcy. That would be in reference to the "Old Sears"; which is the company in which shareholders have equity; not the "New Sears co" / "Transform HoldCo". Docket 2544. Essentially Sears... read more
It’s funny how the main focus of the media was Eddie’s announced effort to save the jobs of workers at remaining stores. Nearly every article on the subject contained the sentence…. “In his efforts to save 50 000 jobs”. It seems as the accepting of... read more
I would just be prepared to see widespread restructuring of roles in the first few months as they bring in the new leadership hierarchy. This was not uncommon prior to bankruptcy. We saw Hoffman do it as a method to thin the workforce in... read more
Eddie's ESL spokesperson has publicly said that out of 425 stores around 156 are not performing well. Eddie has said throughout this process that he would close stores that were not performing well. He also said he was going to run the on going... read more
I know this is a lay-off site. But much more than that is communicated through here which is good for everyone involved. But what layoffs are coming soon? It’s already February and no store level cuts which Beleive me is a good thing but scary... read more
Won't need nearly as many services after the "restructuring".
There is supposed to be a new rumor coming out tomorrow from corporate and it's gonna be huge
Cuts are supposed to be coming. Word is that all Asms will be cuts and stores will just have leads. So what’s going to happen will both leads in and ASMs be laid off and then have to reapply for the new lead position or will lead stay and ASMs go ?