Thread regarding Barnes & Noble layoffs

No plans for further cost cuts

Apparently, our new CEO is a "former bookshop owner and avid reader" and he has no plans to further cut costs. He wants to invest in the company and give more room to local managers to customize stores to cater to locals.

This...actually sounds like a really good idea. What are the chances something positive actually comes out of this?

Here is the source (it's a long but good read - and there is an audio option as well:)

https://knowledge.wharton.upenn.edu/article/whats-next-chapter-barnes-noble/

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Post ID: @ZENds6h

4 replies (most recent on top)

I appreciate your positive thoughts. Bookstores are so important to culture and B&N is no exception.

Retail job employees of all kinds are suffering because minimum wage has stagnated for YEARS. Contact your elected representatives in your state/Washington DC: we need a living wage, period.

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Post ID: @ZENds6h-1jje

BN employees have Stockholm Syndrome.

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Post ID: @ZENds6h-1mua

You believe BN will turn business around. You either a special kind of fool or you, if you’re still there must think you’re unemployable anywhere else. Get over your self esteem issues and get out.

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Post ID: @ZENds6h-1cep

Interesting given that the first thing he did at waterstones was lay off 25% of the staff and cut the pay of experienced employees to the minimum wage. I'm sure he'll do the same at BN. God forbid someone at corporate has to suffer.

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Post ID: @ZENds6h-slc

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