It is happening again. It has now been confirmed, layoffs again. To be announced this upcoming Monday, 8/26/19.
38 replies (most recent on top)
I took the buyout and I’m very happy with my decision. However, I’m not looking forward to seeing the panic in people’s faces next week when it’s announced.
It’s bonus time. No one can possibly be worried when they payed max this year.
You have 3 business days to consider the buyout. After that, your future is entirely in their hands. For the record, I have no inside knowledge except rumors. We can all wonder what the company has planned, but as always, they aren’t fully transparent with what’s occurring right now. My advice is to follow your gut feeling. My gut is telling me to leave. It’s the right time. I’m hoping they get enough people to accept the offer without initiating layoffs. These next two weeks will tell.
It has been pretty quite out here lately, except for a couple of posts that have been deleted. I am guessing that will all change in a couple weeks when the next rounds of buyouts/layoffs occur.
Nobody has even been laid off?
Dear Mr/Mrs Insider,
I’m just wondering what news (question being specifically directed at Mr/Mrs Insider - aka original post creator) has for the rest of us since you were flippin SPOT ON! I’m hearing all kinds of rumors and nothing official yet, so keep checking back to see what you will say next.
Especially since your more knowledgeable, willing, and able to communicate better than anyone else in this organization who say absolutely nothing about MY FUTURE livelihood!
don't post names and positions, names and other identifiers are not allowed here, web admins will nuke your post and block you. just sayin'
I don’t recall this being a part of their Three Year Initiative.
Anyone hear about the “volunteer” buyouts for Local 880 TM’s in Cleveland yet? Love how we find the funds to offer seasoned employees $25,000 to retire, yet cannot find people to replace their knowledge or drive in return!
And what about these stupid “Special Projects” we have, SWAT, Project HELLO, Transformation Office, etc? What’s that doing to provide us with someone to ring the customers out in a timely manner???
You can take an exhausted horse to fresh water but you can’t make them drink it. Hopefully they will realized their current behavior is exhausting their resources and they should rather focus on what is in front of them to which would provide a much needed refreshment to the company.
For as much as I like the executive chairman, he is human and I believe he cannot bring himself to hold our ceo accountable. I think they have been earning a return on the house’s money for a while and have accepted to ride it out and see what happens. It would be great to hold leadership accountable the same way they hold rest of TM’s. It would be great to have a leader with proven track record of good business decisions opposed to track record of relying on yes-men consultants and putting focus on high risk business modes. Where is expertise on blocking and tackling?
Just consider some of the solid decisions that management has made over the past decade or so and how much money was wasted with those decisions. Remember when they were afraid of a Flying Pig? A Flying Pig of all things.
How much money was spent opening/staffing/training a whole new banner of Value Kings? Then to be branded as Good Cents and More. Then how much money was spent to close them all down. Another well executed plan.
I agree. It’s extremely sad. The alarming thing is that the corporate TMs who are made aware of this voluntary buyout aren’t concerned because they did this at max bonus time to distract from the fact that you could very well be losing your job in two weeks.
When they announced this casually on Monday, that set of major alarms for me after going through 2 previous buyouts. Everyone seems to be floating around not caring. 3 corporate layoffs within 5 years is not promising. I’m taking the buyout this time because I want to exit a company that I worked for half my life in a positive way. Not being escorted out by LP. I was hoping to stay around longer to help the Team Members and stores get to where they need to be, but I’m not fully confident that it’s possible anymore because of sub par leadership.
So sad to see what is happening to this company. I just don’t understand why David, as Chairman of the Board, is allowing her to steer this organization into a tailspinning nosedive straight towards the side of a burning cliff!
I urge everyone reading this to PLEASE comment, share, like, discuss, etc this post (in which I’m not the creator or even remotely aware of their identity) in an effort to gain some traction and notoriety across the organization. I can honestly say the last time they laid people off 3 years ago, that specific post announcing it on this site gained over 7000 views and endless comments (that no longer appear for some reason). It was so big that even our ignorant leader herself were reading it daily. We had multiple executive calls and confidential meetings discussing how to mitigate all the (potential) damage as a result.
I’m sure I speak for the masses when I say, I’d love nothing more than to see the same reaction this time around tenfold! While I realize nothing will change from it, at least folks will be informed regarding the distrust we all have for our executives!
So PLEASE, Comment, like, Share this post and be part of the solution and NOT the problem!
The leadership in GetGo is laughable especially from the top. It’s purely knee jerk reactions to adversity with no solutions. They have their DLs in a tizzy most of the time and the Leaders working 7 days a week with no time off. They are abusing the c-ap out of their employees with absolutely no moral standards and no end to this train wreck in the near future. ( for the record, I work with the GGs but don’t report to GG)
I can’t work for a company anymore that promotes this kind of treatment.
My theory is that the GGs are the most profitable part of the company so CEO gave SVP the green light to keep it profitable by any means possible because other sections of the business are floundering a.k.a. abusing their DLs and TLs.
Hourly TMs don’t want to work because they are being asked to do the job of 3-5 people for sh– pay. Same with the big boxes.
Giant Eagle’s business model is a dud. For the most part, they don’t have one, but promote a false identity of being a great place to work.
After over 20 years, as much as I want to help the Team Members who believe in the company and it’s customers, I have to leave. It’s a painful decision because I believe I can make a difference but that will never be afforded to me in this structure because there are no more executives left who actually give a rats a–.
Peace and good luck to you all.
I agree with top heavy. However even with slim leadership I am concerned we have wrong leader at top of company. It seems as long as their mentality is I am right and you are wrong and you don’t know what I know the company will continue to suffer. The top heavy comment is just further insult to injury given cut backs every where else.
Winner winner chicken dinner. The comment about all the positions is spot on by the gentleman or gentlewoman. What happens to a structure that is extremely top heavy and has a small base? The structure topples and crumbles upon itself. Unless there are drastic changes made at the upper levels to lessen their footprint, that is exactly what is going to happen.
Goes without saying that family never gets the axe and more and more family comes on board. Some family (and their husbands ;-)) get bonuses more than double max.
Wow. Good summary. Anyone else notice that friends of leadership seems to keep their title regardless of poor performance but good employees get let go and leadership claims they were not productive or role was not needed.
I’m taking the buyout. Not because I don’t adjust to change well because I do roll with the punches but because I’m sick of working for the company for over 20 years. Plus, the opportunity for growth and advancement is lacking. Need a major change of scenery...
Only that there will be a lot of changes and transformations in the business in the near future and some people don’t adapt well with change, and if you are one of those types of people then maybe you should consider the buyout.
Do they provide any reasoning for the layoffs of buyouts?
Guess the savings will help pay for the new office in Lawerenceville.
I can see that since they are giving people until the 9th to decide. Involuntary usually occurs shortly after. It’s weird this is happening around bonus time.
To be more accurate, it will occur the week of 9/16.
You are wrong. The involuntary layoffs won’t be in October. They will be much sooner than that, 2nd week of September.
I have over 20 years with the company. I’ve been through 2 of these. It was mentioned that involuntary is not being considered at this time but I think in October we will see the involuntary layoffs happening and those “meeting request” emails which means you are canned with less severance pay. Considering taking the buyout this time. It’s not a bad deal and I guess the third time is a charm...
They are doing a consultant "evaluation" in IT–i imagine that will result in layoffs once it is complete. Just like they did before–voluntary first, then comes the axe. Paid max bonus this time though.
I would have thought it would have happened by now. I assume the bar is set pretty low.
The real question is how many executives can Laura force out, how many rounds of corporate layoffs can she execute and how many failed business ventures can she insist on before she is finally shown the door?
Corporate Greed is my guess! The company can’t make enough money while squeezing a raisin?
Does anyone no the reason behind this?
Crazy true! Company wide, non Store-Level, buyouts announced today as mentioned above!
Heard that they're offering buyouts today. Will definitely be followed by a round of layoffs.
Just wait and see.
Agree with the first reply, first off, they don’t announce layoffs you id–t! Second, they lay people off on Thursdays and Fridays, not on Mondays!
Make up something more believable next time please!
would they really announce layoffs the same time as bonus payout?
How big is this?