Just in case a journalist or two wants to cover this. This was a massive lay off by any means. And yet there is no coverage in the media, nobody is talking about this. The layoff was handled poorly and it's being held secret. I am not even sure if they filed WARN notices as the state(s) require notices if more than 50 people are laid off.
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One of the Lucky Ones who were let go last week. I say lucky because the company just forced me to do what I’ve known for at least a year that I needed to do. Plus, imagine our prior workload, then multiple your store count x2, and then pile on more duties because they constantly forget that the ALs were all but already drowning in duties.
LAST THING: 7-Eleven is always telling the franchisees to hire more staff, stop running single coverage, invest in your people and it all pay off… and then they COMPLETELY ignore that own body and recommendations.
About hiring freezes— actually people have been talking about the area leader out of california that was promoted to zone merchandising two weeks ago. He put it on LinkedIn. Today, he wrote that his position was eliminated. Who allowed that to happen?! Disgraceful. Poor guy.
I saw the writing on the wall when they place an internal hiring freeze. They freeze internal moves to keep people in positions to them go. Horrible company.
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@2zis is it 900 or 3,000? This is awful. My team is supposed to get on a “call” today
@2qfc yes and no. At the end of 2021, we were all on the gravy train. When sales started to miss budget by huge percentages in 2022, suddenly there was much more concern. Plus investors of our parent company looking at the most profitable company (7-eleven, Inc.) of the many owned by s&i and seeing that we were too heavy on people compared to comparable companies. That can be forgiven if you’re making budget but if you’re missing it by a hundred million, they made a more drastic decision than they would have otherwise. Plus there’s a question about debt. All of it ending up in a very ugly result. Basically, mismanagement of speedway (raising gas prices to 7-eleven’s way of running gas and driving away customers) and poor forecasting that the good times of 2021 would continue.
@2zis I don't think the bonuses were a factor. Inflation may not be much of a factor either. Based on what's been said about restructuring and "synergies" this seems to have been the plan all along.
Integration was always going to be about finding synergies that make the one giant company more profitable than two separate smaller companies. Now we know when we hear synergies, the savings are in people.
They could have been more transparent so people could plan. I.e. recruiting/FIMS/Store Readiness will be shut down on this date. Giving those employees time to take another internal position or weed themselves out by taking another job elsewhere.
In March 2022 all employees got 188% of their annual bonus paid the them. Highest percentage of bonuses ever paid out. 4 months later they layoff about 900 people. Poor decisions and horrible management of human beings.
Same as @1rmm - I am the only person working in my household of five. I thought I had a safe job, I had oustanding reviews. They could not tell me why they were letting me go. This is bizzare at best. Greed.
I’m one of the many that gave 25 years to this company and one phone call and it’s all gone- all those years of hard work and dedication thrown away like it was nothing, and NO ONE can provide any insight as to why I was selected…..it’s definitely not performance based at all……very fearful for the future+ my friends that are still hanging on there until they get that call…..
We're well aware that this "relationship" is that of an abuser and their abused.
We're also well aware, as is the company and yourselves included for that matter, that we have no recognizable power to improve our situation and pretty much are at the will of aforementioned abuser.
The trajectory of the company is clear for all to see.
I’m the only one in my household working and I have a 4 year old and just moved a month ago. They laid off thousands of people with no warning? Doesn’t seem right. If the company is doing that bad the least they could have done is warn us so we weren’t blind sided and couldn’t have taken some time to prepare and look for another job. I’ve been with them almost 15 years as well and this is beyond insane
Do franchisees even know they are losing 50% of the infastructure that was built to support them? So, they are chipping in and paying the same amount of $$$ but they are getting much less now? Right?
I was let go after 15 years, with no warning!!! I have a mom on hospice and 2 teens I’m tryin to raise by myself, the company totally screwed my family. I’m being offered platitudes and empty condolences but no solutions. I always respected this company till this happened.
Hello — my name is Áine Cain. I'm a reporter for Insider. I'm writing a story about these layoffs . Please email me at acain@insider.com if you're interested in speaking with me about these layoffs.
i got let go today after 13 years. all i can say is-i hope everyone quits this corrupt company and they crumble to the ground. and i hope all the overpaid execs that are sitting cozy in their mansions today get whats coming to them-KARMA!
They better get ready for a mass exit of the remaining AL's. We are already stretched thin, being yelled at for franchise stores, when we have NO control. 7now is a joke. The company is digging their own grave. Franchises are ready to go to court again. Here we go
@1tog+1hOjslrR
Yes, they opened an office in Bangalore so lots of IT, Finance. But in general every dept across the board got hit. Ops, construction, merchandising, marketing, real estate, planning, everywhere.
I got let go yesterday, disposed of like a piece of trash in a mass of crying, confused, and upset people. I never thought this day would come. I am so defeated. I worked tirelessly for this company for 10 years and it was for nothing.
I’m one of the very few lucky ALs to have a job still but am I really lucky? My peers who made the cut are now looking elsewhere. This company is being totally mismanaged and Market Manager/DO/ZVP were asked to sign NDA so keep things under wraps.
The question is, how many layoffs were there? Anyone have the inside scoop? There’s a town hall meeting scheduled this Friday but I don’t foresee anything good coming out of it
I think it's super important to those who were let go to understand they had a lot of worth and will be great in future positions outside of that company. I don't think 7-Eleven values employees (I would challenge/appreciate 7-Eleven senior management to correct me). Why does none of the senior management stand up for those they manage? It's embarrassing for them.
What a freaking sh!tshow. Eff slurpees and burnt hot dogs. Rather go to #wawa4eva #sheetz4eva
I think it's super important to those who were let go to understand they had a lot of worth and will be great in future positions outside of that compay. I don't think 7-Eleven values employees (I would challenge/appreciate 7-Eleven senior management to correct me). It's a lesson in loving what you do and choosing well.
What a freaking shitshow. Eff slurpees.
The past few years have been extremely challenging with covid and labor shortages. Field operations extremely stressed. Laying off area leaders is very surprising as current area leaders are taking on more, no pay increases, more stress with increase responsibility. A lot of turnover in the ranks in the field preceding this weeks announcement. I really think it’s going to get very ugly in the field as 7-11 doesn’t understand company operations like Speedway did. Laying off 90% field support and putting it on current area leaders and store leaders may be the breaking point. . I will have no regrets when ALs/SLs begin seeking other opportunities and seeing 7-11 crumble. I really think the wisdom from executive leadership making these tough decisions is lacking substantially. Maybe they have the first rollout of the Tesla robots to replace outgoing area leaders and store leaders. Who knows. The arrogance is really disappointing. Do no harm…. Lol
Too all that were laid off, sorry and best in your future endeavors. Relax a bit and get back after it. Good book to read is Unbroken
Same here, I am crushed. Afer 10 years I've been let go, discarded like piece of trash. I think I'll stay jaded all my life, this was managed in such a bad way. They are destroying this company fast, the management is so bad it's hard to describe. I am not sure if I'd want to stay if they were to offer a job to me. They are so doublefaced and greedy. A company like this cannot be succesful and will fail for sure. Just watch it.
Those of us remaining have a garbage Townhall scheduled for Friday. Entire departments and support completely wiped out. Unbelievable how abruptly and sneakily they did this. Anyone still working really needs to ask themselves if they want to continue working for a company that treats people this way? Both for who/how they let people go and for the extra responsibility to those staying.
Does anybody that had been loyal with 7-eleven and got laid off so abruptly want to help franchisees in the pending lawsuits against 7-eleven?
Would love to hear inside conversations and direction by zone vp and mm which really put 7-eleven in a compromising position as a franchisor
Were they laying off people in Finance, HR and IT?
Disclaimer: I work for a competitor, I am just curious as we may be having layoffs in Q3 (so the rumor is)
Thanks for the kind words Marigold - I am one of the laid off and this week has been rough. We'll overcome...
I'm so incredibly sorry for the stress being caused to anyone let go by 7-Eleven this week. My husband is one of them - after 10 years, so much overtime, weekend and holiday work, horrific benefits and vacation, zero promotion ability unless we uproot our lives and move to Texas, and with not enough thanks to last him one week at that company let alone a decade...they've told him goodbye with a measly severance package and a beyond unprofessional handling of the entire situation. Can we agree about the crazy way this was handled?
That said, I truly believe that separating from 7-Eleven will be the freedom he needs to pursue work he actually cares about, experience the appreciation and admiration of actual solid leadership, and be paid in accordance with his talents, education and skill. The saddest part is that these layoffs don't seem to be connected to performance - just the bottom line ($$$) and who getting rid of will save the company the most money. So many of you that were let go are superstars! Future congrats to everyone who finds a better job, has the "ah-ha moment" and realizes how much happier and fulfilling working in conjunction with personal life can be!
- Marigold, (I'm a Career Advisor at a top university in the US (and I'm rooting for all of you!))
The NDAs are very real and not really intended to keep us from letting people know we were laid off but more to keep us from coming forward and sharing what we know and can prove in respect to corporate ripping off the franchisees. It’s always existed to some extent but has gone wild in last several months with very unethical tactics to enrich the company at the franchisees expense who invested life savings in most cases to franchise with this company. The attorney general should launch a full scale investigation into what they have been and are doing to franchisees. They have become so arrogant in this practice in 2022 compared to prior years where they were camouflaging their actions better bragging that franchisees can’t do anything about it because corporate has deep enough pockets to drag out the issue indefinitely until opposition runs out of money to fight them legally. They then run the franchisee off for cents on the dollar or take their store back for nothing by starting a while glove bully campaign holding them to a standard they can’t even accomplish in their corporate locations with a lot more resources available to them.
What states are ya'll in? I heard it was 2,000 in VA. I just lost my area leader today. I'm a corporate store manager and heard we're the safest for now. This is insane but not surprising from 7-11.
Directors signed NDAs to try to keep this hush hush but word needs to get out. 7-11 corporate is constantly in a state of layoffs and morale there has been sh-t for the last 5 years and is getting worse by the year. Doesn’t matter what level you’re at, there’s always the possibility that you’ll walk in one morning and be let go for “restructuring”
Pretty sure my last day is tomorrow. Everyone on my team has the same meeting at some point. Job performance doesn’t seem to be what they’re looking at from what I’ve seen so far.
The title of this says 3,000 people? Has that number been validated?
The mood in the building today was awful. Even managers and team leaders weren't notified about what was going to happen. They cut 75% of people in Marketing. The place was like a ghost town. And the itty bitty severance they're offering won't cover anyone's expenses even for a month. They handled this with the soulless faceless greed you'd expect from a corporate behemoth like them.
A majority of their Store Readiness department was also laid off.
There are NDAs in place which is why not much discussion
I am sorry about your layoff @ycu - I hope you find something good soon.
All you said is correct. My husband was notified last week too and he's being let go this week. He's spent 10 years at the company, worked weekends and overtime a lot, and this is the payback? So poorly managed and the management is just bad. I cannot imagine how people can mess up things so big. They make me sick.
Layoffs are handled extremely poorly and brutally. Mismanaged company from the top down, bought speedway then realized they’re not looking profitable so decided to lay off thousands. Absolute clowns. I’m getting laid off tomorrow and I already knew last week.