Thread regarding Scholastic Corp. layoffs

Massive Reduction in Workforce

Due to Corona shutdowns massive layoffs. Over 50% book fair sales division GONE. People with 10. 15, 20 years all terminated.

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Post ID: @OP+15EuYyVw

9 replies (most recent on top)

Top managers, as a rule, were dictators!

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Post ID: @3npxh+15EuYyVw

So glad, glad, glad that I no longer have to work for Scholastic Book Fairs! There IS life after SBF!

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Post ID: @3nqgm+15EuYyVw

Just read the transcript for the quarterly conference call (one investment firm represented again). I wonder how many people and branches 100 million in cost reduction equals? Any word yet on how much the virtual book fairs are producing versus the standard fairs?

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Post ID: @1vxfg+15EuYyVw

It was really all about money, and not about creating readers.

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Post ID: @1okdx+15EuYyVw

This has been an awful work environment for many years now. So many changes, but not for the better!

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Post ID: @1jaij+15EuYyVw

I’m so glad I got out of this impossible work environment almost two years ago; top management totally unreliable; obviously, this is a sinking ship.

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Post ID: @1jfup+15EuYyVw

Any word if there will be more branches close?

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Post ID: @1eoit+15EuYyVw

HR called, no reason or explanation as to why I was selected for release. Many, many very good people were let go. Some who were "kept on" are actually still on furlough (they are the luckiest ones). The employees who have been called back to work are being hammered with impossible expectations (and a new, less attractive compensation plan). Unfortunately, I think there will be more layoffs in the near future.

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Post ID: @19fqm+15EuYyVw

It has been a long week for the sales department. Due to furloughs it took days to notify everyone and many were sitting there waiting to see if the axe fell on them. It appears random and not always based on tenure or productivity.

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Post ID: @1myv+15EuYyVw

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