Topics regarding layoffs at Sears

Topics regarding layoffs at Sears

$1 BILLION in annual cost savings prediction

1) Destroy (finally) the SOAR BU model, get down to TWO BU's = Hardlines and Softlines. 2) Eliminate all BU Presidents, DVP's, VP's, CMO's and 90% of corporate positions making over $100,000 / year 3) Merge Kmart and Sears regions/divisions 4) Sell... — read more 

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| 1310 views | | 10 replies (last February 12, 2017)
Post ID: @OP+LMlJaXm

Death spiral

Things are only going to get worse. Bond insurers basicly sell insurance to protect stock holders in the event that a company defaults on their loans. That insurance has skyrocketed due to they give Sears Holdings a 50% chance of defaulting on their... — read more 

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| 560 views | | no replies yet
Post ID: @OP+LMHH8Kf

5321 Update Does it Work and How?

Since the layoff board banned me and I switched to a rotational IP on a VPN and cleared out their tag I am back again. I'm sorry.LOL You folks have been doing a great job. I all seriousness, if we can call it such, I have to figure out what I could... — read more 

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| 1790 views | | 6 replies (last February 11, 2017)
Post ID: @OP+LMHZWSm

We're Sorry

We really didn't have that in stock.

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| 624 views | | 2 replies (last February 10, 2017)
Post ID: @OP+LMkktOy

Sad to Leave

I work in the pharmacy. I know all of my customers by name. We are always short staffed and the job is more stressful than the store manager realizes. I pull 10 hour shifts with no breaks and a 15 min lunch. No one knows anything about the pharmacy... — read more 

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| 1300 views | | 11 replies (last February 10, 2017)
Post ID: @OP+LLVE89k

Sears or Kmart

I know there are several of us that visit this page often, it has become part of my nightly ritual, I see many posts dividing us when the end reality is that we are in this together. But just for fun let's take a pole on who is Sears and who is... — read more 

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| 1320 views | | 10 replies (last February 10, 2017)
Post ID: @OP+LLyfgcI

Technicians are leaving left and right

The moral is horrible with all the compliance stuff. The unbelievable demanding nature on sales. I've only been here for a couple of years and just can't believe how this company has lost total focus. Repairing customer appliances and making them... — read more 

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| 692 views | | no replies yet
Post ID: @OP+LLpCrZH

Kmart 605 associates

Service desk will be training to handle 605 responsibilities. Are they laying off 605 associates, or training them for other jobs?

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| 2090 views | | 11 replies (last February 10, 2017)
Post ID: @OP+LL95Dcp

Restructuring

Anyone hear if there is any changes coming soon.

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| 1670 views | | 10 replies (last February 10, 2017)
Post ID: @OP+LKEABx7

Kenmore Alfie

Has anyone seen how desperate SHC is getting to unload the failed Alfie project devices. They are as of Sunday 2/5/2017 selling for $14.99 and you get $14.99 back in points making it free. Buy two for $14.99 and use them as a nice paperweight or a... — read more 

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| 1960 views | | 15 replies (last February 9, 2017)
Post ID: @OP+LK1qg07

I will not miss about working at Sears

My store will close in March 2016, I will not miss asking member/customer to apply for a Sears Credit Card. I will not miss asking for SYWR I will not miss Care Plans, I do like the money, but some of the jewelry is bad. GOS I will not miss bad... — read more 

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| 1460 views | | 1 reply (February 8, 2017)
Post ID: @OP+LKqhF3s

stock price is irrelevant.

Anyone who has a grasp on finances knows that the company has no chance to get out of debt and will be forced into bankruptcy. No one in their right mind would even buy the stock for a penny a share or for a fraction of a penny. The stock is... — read more 

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| 800 views | | 4 replies (last February 9, 2017)
Post ID: @OP+LKVYXzV

Another banner day for our stock! And customer service.

Hi, Eli here, another day , another 13.19% loss in value. However, with our new employee discount "enhancement" and simpleton thinking, we are sure to wow our customers and bounce back better than ever. We don't need to invest in our stores or... — read more 

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| 860 views | | 4 replies (last February 7, 2017)
Post ID: @OP+LJUzkp3

The squeeze.

You can tell Sears is getting very desperate. As a sales associate my goals for shop your way members has gone up the number of credit applications that I am required to obtain his got up at as well as the percentage of my PAs. How much more do you... — read more 

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| 844 views | | 2 replies (last February 8, 2017)
Post ID: @OP+LJmbrRl

Thank you layoff.com & all that post helpful info here

It's sad that I learn more about our company from strangers here on layoff.com than I do from my own leaders at SHC. Know that these boards are read my many in corporate and in the media, your voice is being heard so keep your insights coming. At the... — read more 

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| 880 views | | 7 replies (last February 7, 2017)
Post ID: @OP+LJcxrTF

Sears Class Action Suit

Everyone who has been Sr**wd by SHC should get a lawyer and start a class action suit. Call your local news outlet and labor board. Raise a stink no matter what. Keep a detailed set of notes and document everything that even remotely seems wrong... — read more 

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| 890 views | | 7 replies (last February 10, 2017)
Post ID: @OP+LJ4nmrg

SEARS KMART AP

Is kmart ap taking over sears ap or the other way around? What do these changes mean for store level ap?

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| 940 views | | 4 replies (last February 6, 2017)
Post ID: @OP+LIjplod

from bad to worse- financial myth busting

so whats left. Assets circa 200 unencumbered stores- if sold at same price as seritage these are worth $2 billion kenmore and diehard - kenmore has double the sales of craftsmen, but half the net profit. No sales outside of sears to warrant a premium... — read more 

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| 1520 views | | 20 replies (last February 7, 2017)
Post ID: @OP+LIQWUEJ

Discount Card for Retirees

I started drawing my pension last November, after I was laid off in Feb. 2016. Today I tried to use my discount card, and it wouldn't work. Do I lose my discount when I start drawing my pension, or is this because of the changing of the discount to... — read more 

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| 7930 views | | 20 replies (last November 7, 2017)
Post ID: @OP+LHOeWfs

KMART HAS ITS OWN LAYOFF PAGE

Do you know there's a SEPARATE page here for Kmart? I realize that Sears and Kmart are both owned by SHC, but what applies to Kmart doesn't necessarily (or even ordinarily) apply to Sears. It's getting irritating that people posting here are talking... — read more 

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| 1410 views | | 15 replies (last February 6, 2017)
Post ID: @OP+LHGRBvY

5-3-2-1 Even the name is dumb

It's like the countdown to closure. Missing the number 4 makes it sound like Sears can't count correctly. No surprise there I guess. Has anyone thought about the $$$ spent on the buttons the employees have to wear, the signs & worst of all the pens?... — read more 

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| 1080 views | | 9 replies (last February 8, 2017)
Post ID: @OP+LG8uvWa

Simple Store

From what I have read about simple store. I have not been on SHC payroll since 2014 since I was laid off due to my store closing. If I am correct simple store "lays off/fires" all full time employees except the HR Lead? How can someone run a back... — read more 

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| 1440 views | | 12 replies (last February 6, 2017)
Post ID: @OP+LGSvMbd

5321 promotion

I haven't had one person I have signed up for a Sears MasterCard in the last two days that has made a significant purchase (over 600.00) get the 2% back in points. That would be at least $12.00 on a $600.00 purchase. I had a guy spend 1100.00 and he... — read more 

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| 1480 views | | 9 replies (last February 5, 2017)
Post ID: @OP+LGVW53m

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