Thread regarding Follett layoffs

Exactly. I was terminated, and although discriminately I'm glad that decision was made. I love my new job and would NEVER return to Follett under ANY circumstances.

Amazon has 200 new bullseyes to target.

I was laid off. Follett will never hire any of its employees back for many good reasons. That ship has sailed. Move on.

To much blame is given to MLS. The worst decisions made by Follett over 2.5 years were made by DG, GT and SS. Their decisions were made by them and not MLS. The hiring of fellow kmart/sears/omax were from them. The letting go of good talent was them. The outsourcing of many IT jobs to India was them. The transformation won't be complete until the family makes a change to remove them as well. They don't and never will fit the Follett culture. Employees cannot forget what they have done. We need to start fresh.

Who would go back? I took a sizeable pay cut and I still wouldn't go back! They hated me once, what's to stop them from hating again. Jack asses!

Yeah right, like they would ever ask anyone back! Craziest theory I've heard yet. Pride goeth before the fall.......they will NEVER contact any ex-Follett associate and rehire them. That group would rather believe that the layoffs were totally correct, and never admit they were wrong about all of those eliminations. Even if it means a downhill plunge to extinction. Good luck to the pitiful little group left to deal with all of the great Nebraska bookstores. Hire a few grunts at low wages to pick up some of the burden, but no one of any consequence will ever behind back.

An appreciation event for those we shouldn't have let go?

Successful companies set up a program to keep ex-employees engaged to see if they can be brought back or can be a good reference for new talent. We're at the point now where we have to recognize the sunk-cost of the talent we've let go and try to get the best ones back and if needed, eat a little crow in the process. The stakes are too high and operations and IT need all the help they can get.

Too bad we had to go on this amazing magical mystery tour with MLS for 2 ½ years before this became apparent to senior management. Too bad we lost the people that knew the business and the ADC is now full of books with no value. Do you miss MD yet? Outsourcing jobs best left in-house. How about identifying those a**holes and laying them off?

Dead horse? This industry is not changing in the next 10 years. Digital is immaterial at this point. Used books will drive the market as they always have. GT knows this and making the necessary decisions.

Why would anyone buy a dead horse? did it come with a free buggy whip?

if Follett paid more than a 4 multiple -- they they got hosed. Let one of the K-Mart losers run the off campus stores since they have experience with cheap, dying businesses.

fred1982!

July 1982 was a very special year for the Follett Corporation wasn't it? From that point until our departures, the Company was dynàmic! I guess they never really knew what they had until we left?

You still rock! And yes 1982. You don't look a day over 35!

Original? Do you mean from July of 1982?

NE Book made money selling clothing made in 3rd world countries. If Follett uses their current vendors, prices will rise and buyers will go to the on campus stores.

"Especially if Follett had to assume the debt associated with those stores"

You don't assume debt in a deal like this. Nebraska Book wholesale division is still there with less debt after shedding the stores.