Anybody else thinks that the latest round of layoffs was actually needed? Sears has been cutting people in stores and forcing hours down to bare bones for long enough that there is barely anything left to cut. Cutting some of the people from HQ who... — read more
42 stores closing
New announcement: http://investors.bonton.com/node/19006/pdf
New MMAP
My MMAP was let go two days ago but the new one still hasn’t contacted me to let me know what the hell is going on! What a great way to keep morale high and attitudes positive!
Layoffs
How many DM's, Regional Vice Presidets, Market managers got laid off? What is the new regional realignment ?
Berkowitz's Fairholme Results 'Wrecked' by Sears Losses
Mounting losses at Sears Holdings Corp. and the bankruptcy of Sears Canada Inc. “wrecked” the performance of Bruce Berkowitz’s Fairholme Funds Inc. last year, he said in a shareholder letter released Thursday.... I wonder if brucie and fast eddie are... — read more
Sears borrows another 210m from Eddie
https://www.usatoday.com/story/money/2018/02/01/sears-turns-ceo-borrow-money-again/1088213001/ Just wondering what is left to secure the loans with? You know Eddie isn't lending money unsecured.
FEB STORE CLOSINGS
We have been told for months there will be more closures announced in feb its now feb let the carnage commence .. any news to this
Podcast set
All associate podcast /townhall meeting set March 6th. Just days after rumored March 2nd cuts. Check SHC news for updates.
Tax break
Does anyone know if SHC lost its tax incentive they received from the State of Illinois for not relocating to another state? I can’t recall what the threshold was re:number of employees required to get the incentive. And, if so, what is the financial... — read more
ft40 transitioned to 30pt in management
Did the management that got demoted also get a pay reduction since they are now considered part time? Is it to minimum wage?
Does hoffman still have the "sample store"
Used to get some good deals there
Tranformation
How's that transformation coming? Years later...seems to be working out just great!!!! Are we still transforming? Been so long, I lost track of the tranformation timeline...
Only 60 days until round 2! “150 to be let go at corporate in April”
Don’t overlook the small print in today’s layoffs, it will keep on coming. If not updating resumes you might want to dial down performance over the next month should you deliberately want to get let go, I know many who were disappointed to not get... — read more
Amazon prime
90% of SHC staff have Amazon prime and only 4 have syw.
For those who got let go today....
You have been blessed! Finality at last. Closure. No more wondering if you’ll make it another month. No more anxiety and stress working 3 jobs in one. Close the chapter. Move forward. The road is only smoother from here. Good luck, my friends!
So the booked rooms at HE weren't for year end reviews?
I thought someone had said the news of layoffs was fake. They said the reserved rooms were for year end reviews. Maybe they were being sarcastic. I guess anyone who thinks this ship will stay afloat is being sarcastic. Will they turn a profit next... — read more
First media coverage stores of today's layoffs (1/31/2018)
The Chicago Tribune http://www.chicagotribune.com/g00/business/ct-sears-lays-off-220-employees-0201-story.html The Sun Times https://chicago.suntimes.com/news/sears-layoffs-corporate-offices/ USA Today... — read more
IT Layoffs
Here is a question for everyone. If they continue to lay off people in IT. What will they do if the Troy DataCenter crashes it ironically is 20years old this year? How will stores go out of business if IT is laid off till only a skeleton crew... — read more
they should consolidate all employees at HE in one building
they should probably all fit in one building now, and they can rent out the rest of the office buildings.
from cnn
https://www.cnbc.com/2018/01/31/sears-lays-off-220-employees-at-corporate-headquarters.html
Dear Eddie
You had 13+ years to make Sears right. all during that time you kept saying that we were transforming the company. You told us that Wall Street and the media did not understand the transformation. Eddie, it does not take 13 years to transform a... — read more
Wonder what Sears HR writes on their resumes
Fired ... of people , lol. What a miserable existence!
Lousy day all around
I've just checked out latest posts, and it looks like we are far from the only ones with layoffs today. It seems that last day of January is really popular for layoffs. Walmart and Sam's Club are also being hit hard. Judging by this, it looks like... — read more
The layoff site is right once again.
Corporate Trolls will try to tell you this site is bs but guess what? A week ago we were talking about cuts expected today 1/31 and we were right again. Just like they tell you everythings cool no bankruptcy. Mark my words it's coming and coming... — read more
Enhanced security
What is it with all the extra security they brought in for today? What exactly is it they are thinking we might do? Seriously, has there ever been an incident during Sears layoffs or closing of a store? If there were, I haven't heard about them. So... — read more
Enough of the rumors
Sears Holdings continues to achieve significant progress in our restructuring program, with actions taken in 2017 to realize $1.25 billion in annualized cost savings. Those savings were achieved through simplification of our organizational structure... — read more
100 IT and 125 SHI
Still happening for other departments.
Eddie's End Game is Seritage and Loan Interests to SHC
When the dust settles, we will see that Eddie planned this from the start. His endgame is Seritage, his REIT, which is doing really well as one after another Kmart/Sears store closes. He is becoming a bigger and fatter property owner as we speak. The... — read more
1200
My source just told me 1200 souls gone
A Building today
Guard in the A building, by the door, has a binder with copies of Sears and contractor badges.
What divisions are NOT being impacted?
Sears Management Corp assumed safe?
Black Wednesday
Kmart DMs getting the axe today too
APP Layoffs / Restructuring
Post your updates here as they come in.
Corporate Layoffs Begin
100-200 offshore employeees let go before start of working day in states. i know you don’t care as they are offshore but this could be you in the next few hours as part of the 30% being culled so be a little respectful, good luck to all, keep your... — read more
Is there more layoff's this week?
Is there more layoff's this week? I am hearing there are more to come. Does anyone know when how many will be impacted?
Does anyone know when we will get 2017 W2's?
Does anyone know when we will get 2017 W2's? Checked 88sears and only saw up to 2016 posted.
This is what a Simple Store is going to look like when it is all said and done.
There will be only one position in this new, exciting and innovative way of modern bricks and mortar retailing: the store keeper. The store keeper opens the store, unloads boxes of merchandise to place on tables, replenishes the change, mails the... — read more
Hoffman superthread
Let's post Hoffman layoffs here. Let us know, if you are willing, department, approximate role, your age and longevity, and/or how your area is affected (x people out of y let go). Not looking for personally identifiable information. Just an... — read more