Thread regarding Bed Bath & Beyond layoffs

Headquarters will jump for joy when TRU lays off people - cheap labor!

a thought to consider (my opinions on observations) - once TRU and / or BBRU does its layoffs / closings, the HR team will be welcoming and actively pursuing those folks, undercut their old pay and save a ton by replacing existing workers, save on health benefits while they are in the waiting period, kill off any stock vesting you may be participating in (vesting takes forever -corporate folks get stock awarded when they sign on and at annual reviews).

Corporate is a revolving door, due to the fact that the higher ups do little then grind the newbies to death and underpay. What the upper management is made of is people who have been in the company 15, 20 , 25 years, some of them never having worked anywhere else, so the knowledge is inbred. They pride themselves on being entrepreneurs and innovators, but every idea is copied from competitors.

The products are a season behind, the prices of everything are higher on the shelf which scares shoppers, until they think about the coupon- IF they think of it, and IF they can figure out the math (which really, come on - most can't) so the stigma is they are too expensive to shop in.

The mid to upper management and executive staff are old school, myopic and work out of their league so they make a lot of costly mistakes, and blame the lower folks, brush it under the rug, or it doesn't matter because its one if "us" that made a mistake so its ok.

I took the revolving door out rather quickly, like so many new hires, as I saw the writing on the wall that the ship has gaping holes in the hull.

There is a reason the profits are down, the stock is down, the stores are closing and the layoffs happened and will happen.

And there will be a reason why BBB will try to recruit TRU staff.

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Post ID: @OP+SnTXRQp

6 replies (most recent on top)

in reply to;

"BBB is in its own crisis and surely doesn't need to hire thousands of people. No idea what you're smoking but put it down and take a swig of coffee.

Wow...just wow."

Its a very simple concept- I'll break it down for you - as they find ways getting rid of existing BBB employees that have been around a while, who are making more than the bare minimum and perhaps receiving full time benefits, they will hire those TRU folks at a lower wage than they are already paying existing staffers. They'll hire them as part timers without paid time off, and med benefits. Even if they hire them full time, full time, they wont be getting health and paid time off right away, like existing personnel does, and will start off at the entry level vacation time.

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Post ID: @1jnb+SnTXRQp

Corporate knows he’s an issue. HR from Union came down to his home store about a year ago asking questions and pulling a lot of managers into the office asking questions, but I guess people were too afraid of the repercussions of speaking out or maybe he just got a slap on the wrist. Either way, DP is a cancer to BBB and he creates problems by putting people in place that manage the same way that he manages so no one speaks out against him.

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Post ID: @1ujk+SnTXRQp

Seems like a whole lot of people hate DP? Whoever this a hole is, someone please look into all of these allegations. He starting to sound like Harvey Weinstein. Get him out and move on. BBB is a great company with bad leadership. Listen to the people in your stores on how to fix. They speak to the customers, they know what the issues are. Wake up, look and listen BBB

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Post ID: @1aly+SnTXRQp

That’s corporate talking

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Post ID: @vnt+SnTXRQp

BBB is in its own crisis and surely doesn't need to hire thousands of people. No idea what you're smoking but put it down and take a swig of coffee.

Wow...just wow.

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Post ID: @nyh+SnTXRQp

Yes, BBB will take advantage of these laid off workers and they love to see other companies go under, BBB is lead by losers and us a losing team to sign on or stay with! The biggest problem is DP in the Midwest region, very unqualified, and a guy that steps out of bounds daily and sad but BBB is aware of this and so is his previous company Pizza Hut, he’s a piece of crap that has drove away many great employees, fire him!

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Post ID: @tqr+SnTXRQp

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