Thread regarding ChannelAdvisor Corp. layoffs

Worldwide layoffs

ChannelAdvisor surprised many of
It’s longest employees Tuesday, July 23, 2019 with pink slips as they arrived to the office.

It is stated to be a cut of 10% worldwide. The reason was given they we’re eliminating those positions, even the receptionist!

Employees were offered a severance package , but insurance only covered until July 31,2019. (One week).

These lay-offs come on the heels of the announcement that employees will now have to pay for part of their insurance benefits, which have been previously covered.

Financial ruin? Poor management? All of the above?

No longer one of the Triangle’s “Best places to work” and Internal surveys at their lowest, we foresee them being bought out soon.

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| 2626 views | | 5 replies (last August 3, 2019)
Post ID: @OP+10dBWzsK

5 replies (most recent on top)

They've been talking about "a path to profitability" for years, but at the expense of service, I guess, so they ushered folks out the door. Anyway, no company, in their right mind would buy this dung heap.

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Post ID: @9eox+10dBWzsK

Ceo kept all executives...starting to clean house to improve profitability for acquisition. This thing hits the iceberg in 12 months max.

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Post ID: @9nyd+10dBWzsK

What a jerky move - only this CEO would orchestrate in such a cruel fashion. 1) Doing in on July 23 instead of Aug 1 costs everyone a month of benefits. 2) No warning or notice to even long-time employees. CEO needs to go - he has been a dismal failure

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Post ID: @8wbf+10dBWzsK

If you think that there is also an age issue, you may want to contact the North Carolina EEOC and have them open up a case on ChannelAdvisor/Ecom.

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Post ID: @8teq+10dBWzsK

The staff, myself included, was completely blindsided. I had been planning to retire from there. We were all shocked. Apparently the company is doing very poorly.

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Post ID: @6qoe+10dBWzsK

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