Thread regarding Big Lots Inc. layoffs

Big Lots Layoffs 2020

Is this going to be an interesting year as it relates to Big Lots Layoffs 2020? Any news or rumors?

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Post ID: @125FT0XD

6 replies (most recent on top)

As far as I'm concerned, Bruce doesn't have any credibility at all. The guy talks a lot and that's about it. The "Store of the Future" ... blah ... blah ... blah. I don't think his investors are buying his bull either. Bank of America Merrill Lynch's Jason Haas downgraded Big Lots back in June of 2019. See article: https://www.streetinsider.com/Analyst+Comments/BofAMerrill+Lynch+Downgrades+Big+Lots+%28BIG%29+to+Underperform/15568664.html. Bruce is going to have to put his money where is mouth is in order to gain investor confidence; not to mention his own employee pool. Trimming the tree with layoffs to maintain his $4 million compensation package is merely a temporary solution to a pending catastrophe and Bruce knows it.

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Post ID: @125FT0XD-6olu

The ONLY "Cobra package" you're likely to receive from Big Lots is a venomous snake in a plain brown box...so they don't have to spend another cent on you!

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Post ID: @125FT0XD-5xge

Has anyone gotten any info on when we should get anything on our Cobra package? My severance ended last week and I haven't heard anything.

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Post ID: @125FT0XD-3lil

Of course more lay offs are coming. Bruce isnt taking a pay cut, cost cutting comes from the stores. Also, underperforming, lease expering stores will close.

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Post ID: @125FT0XD-2qqh

BIG stock was 44.81 a year ago, 25.38 when people were laid off 7/29/19 with a phone call. Today 11/19/19, it closed at 19.44. I would expect more payroll reductions, more metrics demands and some store closures. Happy New Year at Big Lots.

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Post ID: @125FT0XD-2jot

Hopefully, Bruce Thorn will be the FIRST to be let go! Would be best if they got bought out by new investors.

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Post ID: @125FT0XD-keg

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