How likely is that there will be Bed Bath and Beyond Layoffs 2020? Any news or rumors?
7 replies (most recent on top)
you haven't seen anything yet... come time January when minimum wage goes up to $14 per hour. layoffs, and part timers getting even more hours cut. all of retail will do that to make up for the loss of sales. returns and slow sales start right after Christmas day. then, maybe they can get the back to school stuff right this year. don't expect hours, or a pay raise anytime soon
Layoff definitely will happen next year. You can't put a band aid on a gun shot wound. Our stores can't compete against big 3 like Amazon, Target and Walmart which basically sell everything.
The only way bed bath will survive is that IF Amazon will purchase it.
Target and Walmart got keys points on consumer by offering in store pick up and order. Something Amazon lack in there department.
I hate to say it but some of these asm in the suffolk area need to be looked at very closely its only when we have visits or they feel threating that they decide to make themselves look good take a good look because there hurting the company stealing company time constantly. so sickning.. And the Manager in charge works his butt off and they walk all over him.. Not easy to find good employees lately Money talks b—s— walks..
what happens to the associates when they close the stores?... the managers will get transferred. the stockrooms cleaned out and transferred to other stores. but, the employees are left holding themselves. unemployment can do just so much.
Well in my region we keep losing SMs for various reasons. They have been promoting ASMs to the SM role, but no one has been promoted to be an ASM. If they weren’t getting rid of ASMs, why haven’t they promoted any of the Dept Sups then?? It just makes me wonder what’s next.. an ASM lay-off is likely. My bet is they will eliminate MOST unless they see you being a future SM. And let’s remember back to 2017- they DID keep some Dept Managers (with their title, and with their 47.5 hours) of whom could perform the job of an ASM. Mind you some of these were let go this year in the first round of layoffs.
Remember the flow someone posted here?
SM>Ops Sup>Merch Sup> specialists>associates
Honestly, in my estimation, depending on how the company does over nov/dec.. that will determine when layoffs will happen. At this point, they are hoping people are jumping ship. In the area I work in (New York ish area), a bunch on store managers left in quick succession... 1 let go, the others of their own accord. 3 of them had been with the company for a long time and and 1 of them was the best sm I’ve ever worked for. From my understanding, they didn’t try to keep them or even talk to them after they put in their notice, although 1 of them just walked out because he was so displeased with how he was treated and moved so he had to travel 1.5 hours each way. they don’t want to pay severance so the more they leave the better for them. There’s no chance that all disciplines on support staff will survive because they are basically not needed. The company has been implementing programs and tech to be able to eliminate those positions and anyone that still works here can see it. Apart from that, it would surprise me if there will be some more conversations with underperforming asms on the regular so they can be replaced with hourly supervisors.... it’s the way the company is going and if u think otherwise, you’re not being honest with yourself. Take a good look at where u are and who is around you. You’ll be able to see who will be around in 9 month and who will not be... I am not a manager but I don’t like the way things have been trending and I'm looking elsewhere hoping to find something better.
Layoffs next year are as sure as death and taxes.