This was the goat failed Ascena was looking for. Of all the people furloughed, they will bring a fraction back and outsource the rest. This is a retail graveyard. Anyone furloughed should be on LinkedIn 12 hours a day looking for a new gig.
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Well they did cut executives salaries 10% to 40% . Very crooked company all the way around .
Furlough instead of lay off means they don’t have to pay severance.
This is definitely going to be followed up by permanent layoffs.
We just heard. I wonder with all these upcoming two week updates how many more people will have to be put into this position as well.