Topics regarding layoffs at Toys "R" Us

Topics regarding layoffs at Toys "R" Us

New TRU stores-within-stores

I'm wondering if TRU is giving people who used to work at TRU stores any advantages when applying for a job? I was thinking of applying (I'm one of those suckers who enjoyed working at TRU) since a nearby Macy's is adding a TRU store and I'm hoping... — read more 

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| 530 views | | 1 reply (January 1, 2024)
Post ID: @OP+1ig6mJDn

Another attempt

Another flagship store is opening after the other two unceremoniously closed. I don't understand, why can't people move on? This ship has sunk. Think of something new instead of trying to get it back to the surface when we all know that's impossible... — read more 

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| 730 views | | 1 reply (December 20, 2021)
Post ID: @OP+1eo8ufyx

We're back, baby!

If there is anybody left who cares, of course... *Toys "R" Us is getting another lease on life thanks to Macy's. The two companies are partnering to sell toys on Macy's (M) website. The brands are also opening Toys "R" Us shop-in-shops at 400... — read more 

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| 860 views | | 1 reply (August 20, 2021)
Post ID: @OP+1cqRumFM

All Australian Toys R Us stores also closing

It looks like Australia ended up being in the exact same boat as us. All 44 stores there will close in the following several weeks, with more than 700 people being laid off. I wonder if they received severance packages and if they did what they were... — read more 

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| 1440 views | | no replies yet
Post ID: @OP+TLAcoLs

Great! This will solve the problem.

A former failure ...I mean CEO wants to run the company again with the same old leadership??? Some people never learn. Just let it die. They have destroyed this company and tainted the brand forever. People will never look at it the same again... — read more 

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| 1460 views | | no replies yet
Post ID: @OP+TydLyXB

At least something is happening, as small as it is

Two U.S. Senators for New Jersey and a congressman are joining forces with Toys R Us workers and advocates Friday afternoon to demand better treatment for the thousands of employees that are being fired without severance brought on by the company’s... — read more 

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| 1380 views | | no replies yet
Post ID: @OP+TsDV4zg

I guess it's truly over

I guess this time it's truly over, with no options left. The billionaire behind Bratz and Little Tikes toys is waving the white flag. Isaac Larian said Monday that he will no longer try to save Toys "R" Us... — read more 

What does this mean for us?

With Larian going through with the purchase option, what does that mean for us? Is there any chance that he is planning to keep the stores working with current staff? Or am I building up false hope once again?... — read more 

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| 1826 views | | 5 replies (last April 17, 2018)
Post ID: @OP+SGfDiDY

Question

I worked for Babies R Us (California) in one of the first 180 stores to close. We officially closed our doors and my last day of employment was April 3, 2018. I HAVE YET TO BE PAID MY WAGES. I was informed on my last day that we will not be paid... — read more 

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| 2015 views | | 1 reply (April 18, 2018)
Post ID: @OP+SB67yJb

Are you kidding me???

A gofundme page???? Seriously? Somebody out there thought it was a good idea to put a gofundme page together and ask for one billion dollars to save Toys R Us? Now it feels like the world is simply making fun of us and what we are going through... — read more 

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| 2080 views | | 6 replies (last March 28, 2018)
Post ID: @OP+Smx4cFO

Still some hope

Toy company executive Isaac Larian says he and other unnamed investors have pledged a total of $200 million in financing and hope to raise four more times that amount in crowdfunding in order to bid for up to 400 of the Toys R Us stores being... — read more 

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| 1680 views | | 1 reply (March 24, 2018)
Post ID: @OP+SlrKSP5

Vultures Out In Full Force

What a s**t show today. Just rude angry people all day. I got yelled at by some crazy lady that they were "inconvenienced" yesterday and now "disappointed" today because things weren't "really" on sale. I told her imagine how disappointed and... — read more 

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| 2720 views | | 8 replies (last March 27, 2018)
Post ID: @OP+SllAxsm

“R”US rewards

I worked for Sears/Kmart and went through the same liquidation process/hell you guys are about to go through. I am wondering. Are they still having you “force” the R-US rewards program down the customer throat so they can sell the info to another... — read more 

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| 1710 views | | 2 replies (last March 29, 2018)
Post ID: @OP+SkhRk6a

For those hoping Amazon will save them

I'm sorry, but that will not happen. Yes, Amazon is truly looking to buy some TRU stores, but not for the reasons people here might be hoping. But the company is not interested in keeping the Toys 'R' Us stores running. They would buy some of the... — read more 

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| 1850 views | | 6 replies (last March 23, 2018)
Post ID: @OP+ShK5EMe

Court Hearing Tomorrow. Looks messy

https://cases.primeclerk.com/ToysRUs/ I was looking at court documents for tomorrow's hearing. There are so many objections from landloards and creditors regarding everything from the priority order of payments, lease values, the "wind down" employee... — read more 

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| 1860 views | | 2 replies (last March 20, 2018)
Post ID: @OP+Sh7aYYK

Is there still a chance?

I have seen in several reports that at least some of the stores might escape closings if somebody decides to buy them. The rumor mill has been working overtime, and so many names were thrown around as possible buyers, including Amazon. Could this... — read more 

Still numb

In all honesty, I didn't expect something like this could happen. I kept believing that this was all blown out of proportion by the media, and we'd get an announcement from Toys "R" Us saying that reports were not true. How wrong I was... This is... — read more 

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| 1980 views | | 1 reply (March 15, 2018)
Post ID: @OP+ScVCtc7

ADP Payroll

Take a picture of the hours that they've worked for this pay period (and any future) in the ADP payroll program. Just in case, this may be (if necessary) a way of proving what is owed to you (pay wise). Also ALL employees should either be printing... — read more 

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| 5560 views | | 5 replies (last April 9, 2018)
Post ID: @OP+ScZMUcB

District, Regional, and Home Office personnel will bet let go the day liquidation is announced and the liquidators will take full control of the

Toys'R'Us has over $500 million in debt that caused it to file bankruptcy in the first place. When they did that, they borrowed $3.1 billion from various banks to continue to fund day to day operations (keep stores open, payroll, benefits, etc.)... — read more 

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| 2040 views | | 3 replies (last March 16, 2018)
Post ID: @OP+Scndx1r

Why?

That Canadian buyer thing sounds like a load of BS. Why would someone saddle themselves with 8 billlion in debt. The liquidation would still run its course. There’s no reprieve.

by
| 1463 views | | 2 replies (last March 15, 2018)
Post ID: @OP+Sc1VfcV

Game Over-It's official

Some have asked how this could happen. That's a question you ask when you're utterly clueless about the financial position of the company. As in 5 billion in debt. Maybe next time you'll keep yourself a bit better informed, instead of watching... — read more 

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| 1870 views | | 3 replies (last March 20, 2018)
Post ID: @OP+Sbg0Z68

TRU Filing for Chapter 7 Tomorrow (3/15/18)

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... — read more 

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| 2352 views | | 6 replies (last March 15, 2018)
Post ID: @OP+SbXUEd6

Conference call

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

Liquidation would mean 33,000 layoffs

I was wondering what the total number of people losing their jobs in case Toys R Us goes through with liquidation would be, and I'll admit it's higher than I expected. I truly hope this does not come to pass. Thirty-three-thousand families losing... — read more 

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| 1822 views | | 1 reply (March 14, 2018)
Post ID: @OP+SbciC6s

Repost from another thread, very important info!

In the event of a Chapter 7 filing (and possible pay delays) employees should ask to take a picture of the hours that they've worked for this pay period (and any future) in the ADP payroll program so that they will have a concrete way of proving what... — read more 

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| 1490 views | | no replies yet
Post ID: @OP+Sbinimm

Media is pushing the story a bit

Not saying chapter 7 won't happen, but the article (link below) makes sense. I think the media as usual is pushing the story. I don't work for Toys, but I am a retail manager for another company that is also struggling . I really feel for all you... — read more 

by
| 1643 views | | 2 replies (last March 14, 2018)
Post ID: @OP+SbIUCOL

Two-day reprive

According to the docket any items that were to be discussed on the 12th (Today) in court have now been pushed back until the 15th (Thursday). Anybody else feels like we are on a death-row and we were just granted a two-day reprieve? I'm honestly not... — read more 

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| 2241 views | | 4 replies (last March 13, 2018)
Post ID: @OP+SajZqwa

Any news?

I keep refreshing news pages, but no new info has surfaced yet. My wife works at Toys "R" Us and we are both stressing out. Anybody here has any new info on what's going on? Has the liquidation been officially confirmed? I can't believe that I'm even... — read more 

by
| 1880 views | | 4 replies (last March 15, 2018)
Post ID: @OP+S92Rq00

Get out of Toys'R'Us now.

Toys'R'Us has over $500 million in debt that caused it to file bankruptcy in the first place. When they did that, they borrowed $3.1 billion from various banks to continue to fund day to day operations (keep stores open, payroll, benefits, etc.)... — read more 

by
| 1645 views | | 1 reply (March 14, 2018)
Post ID: @OP+S90M31R

Looks like we might be bringing more down with us

An analyst from Jefferies estimates that 10 to 15 percent of Toys R Us' total business will be lost if it liquidates. Toy companies such as Hasbro and Mattel have already begun preparing contingency plans in the event that Toys R Us initiated a full... — read more 

by
| 1830 views | | 1 reply (March 10, 2018)
Post ID: @OP+S65UgBi

Who else is dreading Monday?

It is not enough that we had to stress after chapter 11 over which stores would be closed, now we get to stress over if ALL off the stores will be closed. Before, we at least could hope we would not be among those affected. I've read in a Wall Street... — read more 

by
| 2430 views | | 6 replies (last March 14, 2018)
Post ID: @OP+S6TLLjv

More layoffs today

From what I understand there is going to be another round of layoffs starting today. I truly feel for these people. I was one of the people that was let go caught up in the layoff of Feb 2017. I have to say I am better for it. However all the... — read more 

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| 2033 views | | 4 replies (last March 1, 2018)
Post ID: @OP+RXIF2Oj

U.K. Bankruptcy

US first and now UK bankruptcy. Not looking good at all for the company. https://www.theguardian.com/business/2018/feb/23/toys-r-us-faces-bankruptcy-putting-3200-jobs-at-risk

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| 1512 views | | 1 reply (February 25, 2018)
Post ID: @OP+RUD2WLm

No severance

How low can they go? There will be no severances paid out to people in the closing stores. So not only is everybody losing their livelihood, they will be given absolutely nothing to tide them over until they can find new jobs. And yet, I'm positive... — read more 

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| 2110 views | | 4 replies (last March 11, 2018)
Post ID: @OP+RR5nO9Y

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