Please be prepared because these cuts will continue. The company needs to cut expenses now that it is property of Sycamore (a private equity firm). Staples will be prepped and made to appear more attractive for obvious reasons. As all have been witnessing, these changes need to be made quickly. No time to waste.
This was posted originally by @PrGRtQY-1fvg. Brought it here for good info and advice. Many, many more layoffs are incoming, do what you can to prepare.
There was another independent office supply chain that was purchase few months back in the Florida panhandle... Tallahassee.. they are being told the same b---s--- we all were being told as keeping their jobs. I hope someone reads this there and everyone quits before they can change over the customers to staples ones. I hope they all run before signing their b---s--- sign on bonuses
I worked at capital office products for 4 years then in November of 2016 staples purchased the company. We were a 50 million dollar a year independent. The president of North American delivery Neil gringel promised to keep the employees and grow the facility. Fast forward to March 20 2018 ... The whole facility of 90 workers was closed. I was one of the dozen who was offered a job but would have to travel to corporate in maitland Florida an hour away. Funny cause two weeks ago we did a conference and the svp of inside sales promised to keep the doors open. This company is full of sh-- & worse they rip customers off with their premium memberships which... Actually charge customer more for products.lol. I GOT a job at a competitor and can't wait to take their customers back to new company.... F--- staples.. truth is that sycamore partners will gut the company & in 5 years will probably sell the retail stores to office Depot.
Massive layoffs going on today with Staples/Sycamore. These corporations have no soul! Always before the holidays, but I’m sure the shareholders will have a full belly.
Corrupt business model has lead to Staples demise
"The Tata outsourcing was already planned before Sycamore".
BAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!
BAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!
They're taking a trashed '66 Shelby, sticking a cheap Indian engine in it, slapping on some new paint and reselling it next year. That crap about "building B2B expertise" was just to trick the still-clueless employees into not bolting immediately.
Is Lincolnshire included?
@PstQOJ4-3ybd who got axed today?
All of corporate IT was outsourced yesterday. If you aren't hired by the outsourcer, your job is gone by February.
@PstQOJ4-3ybd: don't keep it a secret, how many/where?
Interesting that no one is talking about today's layoffs and more pending tomorrow ...
This place is a toxic dump get out they don't care about you stop making yourselves miserable nothing will get better. It don't matter who gets fired or hired this place will take you to the grave .
Expect much much more at all levels soon as Sycamore is buying back all outstanding SPLS stock as of 9/12. They're already paying out digital shares and have sent out letters request paper stock certificates to be sent in to be converted to cash at $10.25 per share. Managers below GM are already getting BS write-ups in order to get rid of them and cut payroll. Expect Lead positions to show up again.
Ok, I'll make a note of that.