Thread regarding Follett layoffs

Upcoming layoffs

Has anyone heard rumors of layoffs?

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Post ID: @11jPed0q

33 replies (most recent on top)

Remember the Four Cornerstones? PROFITS (FOR THE FAMILY) ARE ESSENTIAL!
Family wouldn't know how to feel ashamed and don't care what the jags running the company do.
As long as they get their dividends they're happy. They're all driving new luxury cars and former CEO's are bragging to other family owned businesses how they kept their family business profitable. What a joke.
Just shut it down!

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Post ID: @11jPed0q-gdea

Wow
They get rid of 20 plus employees, but still plan a conference in Orlando and hire another not needed VP.
Follett has really fallen and the family should be ashamed of what it has become.

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Post ID: @11jPed0q-gsez

How fun is it to go into work everyday wondering if it’s your last day.....
Loyalty means nothing to this company. It’s all about the dollars. If you make over $12 bucks an hour you cost too much.
But let still send the management to Orlando!!!!! Just think if you cut that out how many jobs could be saved !!!
I hope you all sleep well knowing this.

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Post ID: @11jPed0q-9eeo

Seriously? Orlando, again?
People losing their jobs, hours cut & b—s— raises but let's go to Orlando for the conference?
WTAF?

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Post ID: @11jPed0q-8vap

Glad to see during all this firing that they still can afford to do the huge managers confidence in Orlando!! Unreal

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Post ID: @11jPed0q-8lph

The comment "Never saw it coming" stood out for me. It's not funny but the irony isn't missed here.

Denial is a luxurious place until the moment the fractured tower reaper visits. Own your destiny friends, prepare and leave while you have a job, especially if, like me, you are over 50.

As for those who think someone should have sued, good luck with that. Try staring a 30+ year separation agreement in the eye, then gamble the sure thing against a possible lawsuit with a lawyer getting 30-40%. Talk is cheap and the bills keep coming.

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Post ID: @11jPed0q-6wtb

Lawsuit won't happen. There isn't a lawyer who'll touch an employees rights lawsuit unless there is a smoking gun memo/email/recording. Yes, technically speaking, workers over 40 are a protected class. Still, the brutal attacks against experience and age, 6 years ago, or so, resulted in nothing. No smoking guns. No precedent. Lawyers wouldn't touch cases unless you'd pay them up front.

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Post ID: @11jPed0q-6daf

Baker & Taylor should be next...
If they don’t cut chunks out of it within the month I’d be shocked

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Post ID: @11jPed0q-6qtz

Anymore layoffs this week? Store level?

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Post ID: @11jPed0q-6iqg

They cut the wrong half in Treasury.
Who made that decision?
Cut the one who had the most knowledge and was always helpful to the stores.
Great move PT.

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Post ID: @11jPed0q-4kyj

Treasury was cut in half.

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Post ID: @11jPed0q-3esq

Age discrimination lawsuit coming for sure.

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Post ID: @11jPed0q-3xun

2 from Treasury
1 from Mailroon
1 Admin

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Post ID: @11jPed0q-3xjp

Yep getting rid of experience & knowledge. Expecting new associates to learn CT’s, hired in July, told its easy to place adoptions, & expecting them to do it all for spring rush, LOL. And it’s a new contract.

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Post ID: @11jPed0q-3ass

What dept. at HO?

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Post ID: @11jPed0q-3dfv

Too bad you riffed someone with 29 years service. Ageism? Of course. Anyone still at Follett should be ashamed at what is going on.

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Post ID: @11jPed0q-3jru

4 from Corp
Never saw it coming.

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Post ID: @11jPed0q-3cik

Yes. Some people were let go yesterday
*Restructuring *
Many good people let go again.
Follett has become a very sad company.
A few never saw it coming.

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Post ID: @11jPed0q-3vab

Start with eliminating the 12k a year car allowance that all home office senior execs get. In fact, it is a payout, they don't have to use it for a car. This is on top of stock bonuses etc.

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Post ID: @11jPed0q-3qqr

Retail Marketing Specialist - Consumer Marketing Dept, but based at NYU (2015) was laid off today. This person worked at NYU pre-transition & was moved to this position approximately a year ago.

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Post ID: @11jPed0q-2wss

Anyone else hear of layoffs? At store levels?

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Post ID: @11jPed0q-2qcm

Looks like today was the day. I was just let go from FSS.

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Post ID: @11jPed0q-2nmg

I would drop any store under 2 million from our portfolio if the campus did not agree to Follett access. Too many campuses are in violation of our contracts when comes to the exclusivity clause. And most of these campuses have stores under 2 million with 90-98% of their sales coming from textbooks.

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Post ID: @11jPed0q-2axe

Follow the money and you will see where their values are. E-commerce and book fairs seem to be getting the funding lately.

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Post ID: @11jPed0q-2stz

Small stores have just as many task as larger stores. Small stores it is the manager completing those task, big stores manager oversees others doing those task. Makes no sense to cut cut cut staff in small stores.

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Post ID: @11jPed0q-2nls

Everyone and there Mother is going on strike. Why can't we? Because we are not public?

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Post ID: @11jPed0q-2npm

Everyone get out while you can! If you don’t think you should, take a look at the “Follett Values” that show up on your computer each morning. If you think any of those are still meaningful to the family or the big wheels at Follett, then keep drinking the Kool-aid. I’m just glad I don’t have to see that ever again.

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Post ID: @11jPed0q-1slw

Hey, it's time for the Family Dividends.
Something HAS to be cut.
Just remember, until stores start shutting down because the staff just walked away, nothing is going to change (think Atlas Shrugged).
If we can run the store with one ft, and 3 temps, maybe they can do it with 1 ft, and 2 temps. Then, why not 1 ft and 1 temp.
In case you didn't know, there are a bunch of people that are bulletproof. Family and people that the family really like that will never be cut even if getting rid of them would keep 3 people in stores, customer facing.

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Post ID: @11jPed0q-1jec

I work at one of those stores where I am the one part time employee. I can tell you that the manager is always stressed out because he can’t get his work done due to me being the only one there. I think decreasing staff hours is a horribly unhealthy thing to do. I doubt most of the higher ups could hack it in this situation.

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Post ID: @11jPed0q-1aiq

Thoughts from the Sales Floor.

Way to go, Follett!
Once again here we are and no one ever learns so what do we have;
1) Not competitive enough with book prices & books not available to students when they need them. They don't all want to order online. If they did they go to Amazon unless they have FA.
2) Ludicrous GM policies/ decisions. ( see below)
3) Bad management in the upper tier. (Plenty has been said about this on various threads)
But, yeah, once again laying off & cutting hours for staff is your only answer.
How about you look at the real problems stores face? And, instead of sending a sh#t ton of $50 hoodies you ask the managers, "hey, what sells best in your store?"
Not all stores can sell the same merch due to the variance in demographics...time the higher ups realized this instead of making the workers pay for consistently bad marketing decisions & greed.
And, maybe there's too many chiefs and not enough indians but what do we know?
We're just the poor saps in the firing line mopping all the c-ap up from the fallout.

Good luck to anyone & everyone who gets caught up in this if/when it happens.

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Post ID: @11jPed0q-1hwo

They should start by ‘restructuring’ all the top heavy RMs & gvps & vps, don’t need so many layers of top salaries & take away from those who keep the stores going.

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Post ID: @11jPed0q-1cqr

Great. Bringing on Chegg is a fantastic idea. I'm sure the are not getting dumbed-down and losing pay, because we made a deal with the competition. Way to go.

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Post ID: @11jPed0q-1ttc

Yes, actually I heard today. A source at the HO said that restructuring is coming to stores under $1M, and some positions will be moved to PT either right away or by attrition. No date was given but a ballpark is later in the fall.

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Post ID: @11jPed0q-ckx

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