Thread regarding Academy Sports & Outdoors layoffs

Academy Sports did this all wrong

Although I understand the point of a restructure (collapse areas and get rid of excess headcount), there is a right way to do it and a wrong. Academy did it wayyyyyyy wrong. It was leaked out early amongst the ASO community that these layoffs were happening. What makes me sick to my stomach is how the executive board members were walking around the building smiling from ear to ear. As if this was a fun thing to do. Have a heart- these are peoples' lives you're messing with. So many family's soul providers were let go. Please be more understanding...more compassionate. New school Academy is missing the biggest sensitivity chip I have ever witnessed.

Amen to this, @OnPuAAQ-3jim. I've noticed the same thing. I know their wallets were not impacted by this, but show some freaking compassion! Not to mention, it was not the laid off people who brought the company to the point where layoffs were necessary, it was those same people who remain unaffected.

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Post ID: @OP+OrtfrYw

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This was not a surprise, at least not to me. ASO is going to have more of these due to its decreasing performance. KKR has been carrying this company for a few years and that is going to stop in the next 18 to 24 months.

There is too much deadwood in the executive ranks such as IT, Inventory, Marketing and others. The fact the IT department had to have a custom consulting group put in place by JK to get the documentation of systems in one place shows that the IT exec's don't have their act together. Even with the documentation in place, in many cases that documentation was years old and far out of date which means it was useless but JK had smoke being blown up you know what, and told all is well... wink

Similar problems exist for retail store inventory management. For example, several store managers were clear that corporate did not provide inventory to the stores during the Super Bowl which could have made a significant difference in profits for the stores in the Houston, Tx area.

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Post ID: @1pcwg+OrtfrYw

Are you honestly surprised?

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Post ID: @ujb+OrtfrYw

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