Thread regarding Bed Bath & Beyond layoffs

Elimination of ASM position

They do indeed plan to eliminate the ASM position this quarter. Here is the confirmed plan.

Firstly, by doing it in the third quarter it allows the company to use the cost savings/ revenue from selling off property assets and leasing them back at lower rates which will allow them to afford the severance pay of the 700 or so ASM positions in the core company. This will give a long term cost savings of close to ~32 million for the upcoming year. They also plan to eliminate other ASMs before this restructure by aggressively coaching and terminating ASMs to save the cost of severance. This will also give great cost savings for stores who are not very profitable at the current moment.

They will restructure the store management as follows:
Store Manager - Store Team Leader
Operations Sup - Operations Team leader
Sales/ Dept Sups- Sales Team Leader
Leads (already here)- Specialists
Receiving Sup- Operations specialist
Store trainer- Sales and CS Team leader/ Specialist.

This is the reality. The goal is to refresh the cost structure and create less management layers in the store for quicker decision making while still enacting a sense of promotion within the organization.

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Post ID: @11lZF7nE

12 replies (most recent on top)

Harsh to say that really those ASMs have so much knowledge and experience to offer.

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Post ID: @11lZF7nE-5mex

ASM are not needed anywhere anymore. Reality.

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Post ID: @11lZF7nE-5aio

I’m sorry, but there is no way the ASM position is going be be carried forward much longer in MOST stores. That being said just like during the Dept layoffs there were some who were saved.
We know Operations will be going forward as a sup position. ASMs will be in the big stores that are A plus volumes. They are the only ones who can realistically support and use them to their full potential. They are just stock associates in a D or C volume store.

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Post ID: @11lZF7nE-5rbu

While it is accurate that many lower volume stores have and will continue to eliminate the ASM position. It is absolutely absurd to say that all ASM’s will be eliminated in the 3rd quarter. I can assure you that this doesn’t make sense financially, fiscally, or legally. At such a pivotal time in Bed Bath’s rebranding, this type of move would be a death sentence. While there are big cuts to come...it will not be in this manner and comments like this only breed fear and uncertainty that is unfounded. We all know that cuts are eminent, but they will be based on many factors, not titles, and will not be in numbers that would literally paralyze the company in such a critical time. Everyone needs to sit back and understand that this theory does not even make sense for a company struggling to regain its positive image- It seems as if someone is either getting very inaccurate information or has some extreme resentment towards ASM’s.

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Post ID: @11lZF7nE-5drb

This will not stop until the doors close. I anticipate that will be in 3 years. The model is aged, the concept is stale, and the leadership is foul.

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Post ID: @11lZF7nE-5nht

I don’t think they are going to do a severance pay package for this round as well as the other times.

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Post ID: @11lZF7nE-3wdb

News flash.. your all terrible!! Leaving that c-appy company was the best move I’ve ever made. And for those that stuck around lmfao. Your to lazy to find another job!!

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Post ID: @11lZF7nE-2mgb

I've been calling it for over a year now. I saw it starting in the lower volume stores... Training leads to have keys so we can have "backups". Replacing supervisors with keys instead of promoting them to ASM. I left earlier this year, and it was the best decision I could have made. I've posted over and over to try to earn those who are left, and they kept their blinders on and said I was either being paranoid, or trying to rile hings up.

Have fun getting laid off and competing with your peers for jobs in a down economy. Shoulda left when you would have had more options.

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Post ID: @11lZF7nE-2qhd

They are definitely eliminating the role. There are only 4 stores out of 12 in my district that still have them. Those are large volume stores as well. And there are a lot of hardworking DS with keys that have dedication that you wouldn’t believe. And for the record 700 seems pretty accurate given so many stores lost Their ASMs in the last year or two. I can tell you now my C volume store runs fine without an assistant. We have an Ops Sup.

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Post ID: @11lZF7nE-tgy

The only logical layoff would be the OPS position. To eliminate the ASM position like they did the dept mgr position would put a halt to the functionality of the stores. A current ASM could be placed into an OPS team leader position and other ASM could go into Sales lead positions. While I think you are correct with the restructuring of the current stores mgmt staff I don’t see a complete elimination of ALL asm’s... besides there are more than 700... time will tell since there are 7 weeks left in the quarter

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Post ID: @11lZF7nE-rep

@11lZF7nE-mkm Maybe in your store the ASMs are important. In my stores the leads (we have no DS positions at our B-level store) with keys do all that work that you attribute to ASMs. Our ASMs socialize, and their jobs can easily be done by a lead or DS with keys. And let me tell you, we care more about what’s going on on the floor than most ASMs do. If yours don’t, that’s on you because people are only as good as they’ve been trained to do. Lucky for our store us leads were trained at other retailers and came in with a work ethic..

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Post ID: @11lZF7nE-hqs

Where do you get your information from. Are you corporate hr? DS with keys are terrible. They don’t care. All of the asm I work with are dedicated employees. Cut more of the corporate , district and regional staff. I can read the portal note just as well as they can. You don’t need to tell me on a conference call what is going on. SM and ASM are important roles in a store.

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Post ID: @11lZF7nE-mkm

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