Thread regarding Toys "R" Us layoffs

Conference call

Is this it? Call today at 3? Any inside info, are they going to announce the bankruptcy today?

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Post ID: @OP+SbKvR97

10 replies (most recent on top)

I guess I'll have to move on after 18 years spent here. It's not fun if you are 55 or older and have very little options. Sad day.

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Post ID: @jva+SbKvR97

The 60 days of work is 8 weeks which is about right with the liquidation process. KB Toys was the same way.

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Post ID: @zfj+SbKvR97

FFFFFFFFFFFFFFFUUUUUUUUUUUUUUUUUUUUUU-

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Post ID: @nil+SbKvR97

Was the last response info from the conference call?

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Post ID: @vyn+SbKvR97

They are filing the motion for Chapter 7 tomorrow. All US stores will be up for liquidation UNLESS the Canadian buyers are interested in saving a select number of stores.

There will be letters sent out that will discuss the closure.

Something about a guaranteed 60 days of working-admittedly I don’t quite understand this especially if you are already in a closing store and you were told you’d be terminated with no option to transfer, perhaps it doesn’t apply.

Also sounds like online will be shut down in a few weeks.

Regardless of what is said verbally it is important to NOT believe anyone in regards to a severance or retention bonus UNLESS you are actually signing a contract. They just reneged on the January closing stores a few weeks back and I would hate for that to happen again. Puts a VERY negative spin on things and kills morale.

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Post ID: @xro+SbKvR97

Good luck all. I was laid off last year. I hope it's not that bad.

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Post ID: @vba+SbKvR97

Some of us have been fortunate to have the time to process the loss of our stores and our jobs. The “waiting” for us is more about what day will be the final day of our stores operations.

For the rest of you out there that may be facing what we have been facing since Jan, I personally wish you swiftness through the grief process. It is a tough time and the lying and lack of communication from this corporation did not help at all.

I will be on the call this afternoon and will post what I’ve heard afterwards.

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Post ID: @jlm+SbKvR97

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