Are you sure layoffs are done for now? That everybody who was supposed to be laid off was laid off yesterday?
My mom works at Academy Sports and she has been a nervous wreck for the past several days, including this morning. It would be nice to know if she can relax, even for a while.
I love when HR trolls this site and says stay positive....or there is a solid foundation (a comment in a different thread) uh no there isn't...Academy is going down, the question is at what speed does it hit the ground. There is still a 1.8 billion dollar debt looming over them due in 2022...they refinanced part with their revolving credit but they still owe on all of it....I am super positive that Academy does not have the goods to survive….that is pretty positive....FYI not having an APP in this day and age says all you need to know about the strength of this company
Academy has as good a chance at survival as many! The best thing we can do is stay positive and be part of the comeback! Good luck and stay focused on what you can control!
What is the separation pay package like? 5 weeks?
Academy is on the list here. Several retailers on this list have already filed for bankruptcy.
Academy has a Caa2 rating by Moody’s,
https://money.com/coronavirus-retail-bankruptcy-j-crew/
The bigger question is will Academy go bankrupt? If yes, then more layoffs will be inevitable. So, do you guys think Academy file for bankruptcy? If yes, when?
my understanding was that it if you are a part timer you are gonzo