Thread regarding Bed Bath & Beyond layoffs

From an oldtimer - worth a read

It is really VERY sad to see what has happened to BBB! Long ago, and for a while, it was a great company to work for. So many people let go, whom I am sure some were old timers that helped make the company grow. Who helped make BBB a great place to grow and work. But when the company went public, and corporate and regional greed took over the company. It started to errode the original company culture and morality for the greedy. I feel for those who put so much of their lives into a company, and then to be cast out the way that they were. When I first started with BBB, I met Warren & Len. I was an asst. mgr not even a month with the company. They talked about the culture they wanted to create to really have good, no, great customer service. The customer and the employee should always come first, if a project had to wait to get done so be it. No one would get in trouble or yelled at. How far that culture has fallen over my 25+ years at BBB . Please tell anyone you know to get out while they can. My contacts tell me also that cuts are coming after inventory! Do not believe any DM's, they will be lying, or don't even know they are next out the door. I have for the most part worked with many great people at BBB over the years. I miss most of them too. Too bad some of them got too greedy and lost the original vision of the culture of BBB . Maybe if the greedy ones would have put some $$ from all the stock they sold off recently into the company and the employees, maybe they would not have had to layoff so many good people who helped make that $. But, the greed they showed over the years is going to make them a lot less richer than they had thought...stock is has been tanking! Glad I am out before the Bed Bath Beyond Blood Bath starts.

Good luck to all!

"One of the Old Timers"

Originally posted by @P67i4vx-2ltec, thought it deserved a thread to be seen by more people.

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Post ID: @OP+RtsmsYh

6 replies (most recent on top)

I have been off this site for a long while..looks like a lot of old timers are gone now......any 20+year employees around still and working? What do you think of bbb now? If you are...why??????

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Post ID: @exxym+RtsmsYh

Indeed, very questionable managers at corporate level too. I worked there for 3+ years and it s---s.

The upper management just let these questionable managers do what they want uncontrolled....

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Post ID: @1ggt+RtsmsYh

I ran a Store within a store. Such a joke. Customers are even like. What does baby and Harmon and bbby have in common? Um. Nothing lol. And the amount of money in hours and inventory these depts get as opposed to a regular bbby side is ridiculous. I am shocked they are making any money to be honest. I don’t know how they could be. The only thing dumber is keeping ftg.

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Post ID: @1knw+RtsmsYh

All this talk about Dana... The corruption starts at the top. The Company has made some very questionable acquisitions over the years. buy buy Baby was acquired when Leonard Feinstein’s sons couldn’t balance the books and ran up a lot of debt. Chef Central was more recently acquired when Warren Eisenberg’s son decided that he could do better business with a “store within a store” strategy that has worked for Harmon and World Market, and shuttered his business only to be acquired buy BBB months later. This corporate greed has trickled down to the Regional and District levels, leading to where we are today. Bed Bath has made unwise acquisitions all while making cuts to its own brand to make these work. I’m shocked that investors have kept Steve Temares in place for as long as they have. The Company certainly isn’t what it was or could be.

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Post ID: @1bab+RtsmsYh

Sad BBB is in such embarrassing condition, unqualified senior management and some very questionable managers. BBB had a great reputation for great business sense but that has been thrown out with the awesome employees they let go. Your stocks are about as low as they can go! Your stupid ideas are just that , stupid, not making a difference. Well Dana can beat his chest and take some credit for destroying the company, well done Dana!

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Post ID: @rxn+RtsmsYh

Well said.

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Post ID: @paw+RtsmsYh

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