Thread regarding Staples Inc. layoffs

No Bonuses - Bankruptcy

I heard a rumor.

Bankruptcy is possible and there are efforts underway for it. Is said to be the reason bonuses haven't been paid. Assuming they can get away with blaming bankruptcy for inability to pay us?

Any truth?

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Post ID: @OP+152JFu4E

12 replies (most recent on top)

Does anyone have factual information concerning bonuses which weren't paid out? There have been many comments on 5/29, yet I received nothing. No email, no direct deposit, no paper check.
Any information appreciated.

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Post ID: @bkec+152JFu4E

So is this right?
Retail: 132%
Delivery/Contract: 50%

I'm trying to verify because when I calculate what my actual bonus should be, it doesn't match what I'm supposed to be getting (according to the email).

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Post ID: @9tny+152JFu4E

"and improve their online experience."

They had some great people to do that. Most of them were cut in late 2019 as cost-saving measures!

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Post ID: @4ydx+152JFu4E

Sycamore took a billion dollar dividend against the core business and hoped to spin off the commercial division and issue and IPO later this year - COVID screwed that up. Sales of Office Products is way down. Sycamore is not going to file bankruptcy. The court would make them pay the dividend back. Like almost every other business in the US, the cuts are necessary to keep a positive cash flow. I am not sure why retail is still open. I never see any one in a Staples or Office Depot retail Store. Staples will survive if they hire for talent and improve their online experience. It would not hurt if Trump gets re-elected also.

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Post ID: @4byj+152JFu4E

Retail got 132% of target bonus.

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Post ID: @4crl+152JFu4E

I'd like to know too. What % of bonus is being paid? Not for just .com but for retail also.

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Post ID: @3cic+152JFu4E

50% of target

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Post ID: @3gro+152JFu4E

What % of bonus is .com getting??

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Post ID: @3iru+152JFu4E

Rumor. Bonus payout (as mentioned) is 5/29.

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Post ID: @2ipj+152JFu4E

Actually bonuses just got declared and will be paid out May 29. Doesn't mean bankruptcy isn't still in the cards, somewhere down the line.

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Post ID: @1acp+152JFu4E

Rumor.

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Post ID: @1qnc+152JFu4E

Probably

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Post ID: @1njo+152JFu4E

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