From the CEO himself a directive has been created indicating declining sales must be addressed with our main controllable investment, Payroll. Stores are being individually examined by the home office with overages presented to regional managers weekly (sometimes daily.) the expectation is all overages MUST be made up by October at the latest. There will be adjustments and unless you are comping up, you will once again be asked to do more with less. And for those of us already cut to the absolute minimum, well, I think your imaginations can make the leap.
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Stupid is as stupid does.
Cutting payroll was the main reason Kmart sucked so much. I actually worked at Kmart for more years than I care to mention. I see that culture permeating Follett and it is truly a shame. Just wait.... it is going to get worse.....
My money's on PD being the hatchet man and laughing while he cuts.
Not scissors but an axe. The blood will run...
Get out the scissors, boys, this is going to cut deep.
Well when you buy millions of dollars in wrong inventory something has to happen. Unfortunately the people responsible for buying the wrong inventory will not be held accountable and it most likely will be some long term employees that are let go, which had nothing to do with this major screw up.
anything to protect THEIR pay packet...
You know a regional restructure is coming. With the Neebo acquisition there are Too many stores in too many regions that overlap. There are regionals who have stores in the same town as each other. Whenever they do that, hq takes it as an opportunity to trim extra payroll.
I realize this all sounds sensationalist. It wasn't meant to be. It was however the topic of the 'regional huddle' this past week. The phrase 'straight from the top' was used in association with the conversation about controllable investment. I try only to release these sorts of posts when I've got actual real world meetings and directives to back me up. Not just heresay.
Innovation and transformation at its best. Leadership?
Unfortunately this directive also means more layoffs. Don't let it catch you by surprise at least have your resume updated and ready.
Should make returns fun