Topics regarding layoffs at Staples Inc.

Topics regarding layoffs at Staples Inc.

Florida Sales Conference

I don't know about you, but I thought the event in FL was amazing, inspiring, and covered everything that can possibly be covered to instill confidence. Nearly 4000 people attended. One negative poster with a dozen pluses on their comments should not... — read more 

Staples Learning & Development

What can I say - I’ve seen this department gutted, built up and gutted again. Junior trainers are now in the role of Senior Managers and above, and it’s quite humorous. These “leaders” spend time making shirts for their team, playing games and... — read more 

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| 1540 views | | 3 replies (last April 4, 2019)
Post ID: @OP+Ykf9nVl

Moody's Not Negative on the Dividend Recap

Moody's rating remains "B1" even with the recap https://www.moodys.com/research/Moodys-affirms-Staples-B1-CFR-assigns-ratings-to-proposed-refinancing--PR_397406 New York, March 26, 2019 -- Moody's Investors Service ("Moody's") today affirmed Staples... — read more 

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| 1710 views | | 5 replies (last March 29, 2019)
Post ID: @OP+Yhhwvyw

Enjoy the Kool-Aid in Florida

As many of you head to Florida this week think of the hundreds co-workers and Friends that were let go in the past year and are at home searching for a job, trying to make ends meet and telling their family everything is ok. So enjoy the sunshine and... — read more 

Is Anyone Really Surprised?

SP lied to us from the very beginning. They are cash s---ing leaches that essentially stole $1.3b in cash from Staples on closing day. They told SG that she would remain the head of Staples and then informed her the night before the closing that they... — read more 

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| 1860 views | | 4 replies (last March 29, 2019)
Post ID: @OP+YhO9ORl

Sycamore Exit / IPO

https://www.bloomberg.com/news/articles/2019-03-22/sycamore-is-said-to-seek-1-billion-payout-in-staples-debt-deal

Corp Dev?

Heard the corp dev guy ws fired.... sad to see the good ones go

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| 1600 views | | 5 replies (last March 24, 2019)
Post ID: @OP+YcHI990

Heading the right direction!

Lot of haters here. The truth is, Sycamore did what was long overdue. The reason our stock continuously fell, year after year, for the seven years leading to the firesale of the company was simple: -Poor leadership, which lead to... -Bad vision... — read more 

Happy Bonus Day!

This company is doing so poorly that they announced today that the bonus payout will be 135% of plan (Enterprise). We truly are fools for sticking around and collecting a fat check for a job well done. Should have gotten out while we still could.

Preach Inclusivity?

Yet not once was International Women's Day mentioned by our leadership. Disappointing.

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| 1690 views | | 5 replies (last April 6, 2019)
Post ID: @OP+Y1OfXII

Stefan Kaluzny

I wonder..... has Stefan Kaluzny has stayed at Trumps hotel in Washington? Along with all the fools from T-Mobil

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| 1180 views | | 1 reply (March 6, 2019)
Post ID: @OP+XWG6z0q

401K Match Rules ?

I got let go in the Feb 13th layoff. I had only been at the company for 2 years. I was in the 401K, and my understanding was that Staples changed the rules, and that employees hired after 2017 had to be there 3 years, before they are vested... — read more 

Bonuses as Pay at Risk. What does it mean ?

During Last week Associate Forum, it was mentioned that, Bonus is part of Pay at Risk. Does that mean that, we are not going to get bonus for 2018. How should we look at that statement.

Loyalty got me this?

Nothing but years of lost work and a new territory that was poorly managed by multiple lines of business leaders who failed to do their job the past decade. Sad that the same managers who lead these teams are now in the same roles or promoted. How... — read more 

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| 1330 views | | 1 reply (February 28, 2019)
Post ID: @OP+XQqbU4Q

Is what we see today what they meant when they said....

"We are pleased to have completed this transaction and look forward to partnering with CEO SG and the Staples management team as we seek to increase long-term profitability," said SK, Managing Director of SP. “With the support of its dedicated... — read more 

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| 1170 views | | 1 reply (February 25, 2019)
Post ID: @OP+XNH9ZqV

Severance is taxed like a bonus

FYI if you're expecting to get laid off and get a severance package, keep in mind that the Federal tax withheld will be at the IRS "supplemental rate" and not what you put on your W4. This could mean that your severance is significantly lower than... — read more 

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| 1150 views | | 3 replies (last February 26, 2019)
Post ID: @OP+XNtg3ce

Take Off Those Sunglasses, It's Dark!

The future for SBA is not that bright. The GTM strategy is already showing several huge holes. Just wait a few months and it will be irreversible. RIP

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| 761 views | | no replies yet
Post ID: @OP+XLsp6ve

Class Action

February 20, 2019 A Class Action Could Complicate Staples, Inc.’s Bid To Buy Essendant An investor in Essendant is taking steps toward launching a class action against the office supplies distributor, a move that could cause further delay for... — read more 

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| 1520 views | | 9 replies (last February 25, 2019)
Post ID: @OP+XLVPSGU

Micro management is happing Retail

I can not believe stores are required to give hourly updates to their District Managers. NPS scores, Computer Market Basket, Printer Market Basket.... come on this is getting out of control. Why is the RVP emailing stores asking for action plans... — read more 

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| 1300 views | | 4 replies (last February 25, 2019)
Post ID: @OP+XKpCSQF

Furniture leadership definitely has no clue

I recently left the furniture division. It is amazing to see what the contract furniture market is really like. I’m working on three projects orders totals over 400 workstations (all Allsteel) in a single city that no sales person at Staples had a... — read more 

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| 1220 views | | 2 replies (last March 12, 2019)
Post ID: @OP+XJiDSI2

Life After Staples

After 18 years of service, I was let go in the latest round. I was able to find better employment, more money in base and commissions. Maybe this was the best thing that happened to me...

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| 2410 views | | 10 replies (last February 22, 2019)
Post ID: @OP+XFbdBuz

100K per month in growth and 100% to plan per month

100K per month in growth and 100% to plan per month (If you don't hit plan that you are put on a PIP.) This is the latest goal set upon SBA outside sales folks. This is COMPLETELY nuts! Sycamore is setting everyone up for failure. Its all coming to... — read more 

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| 2660 views | | 8 replies (last February 26, 2019)
Post ID: @OP+XDufy9U

Globe Working a Story?

Anyone else hear about the Boston Globe contacting ex-employees (layoffs) about an article?

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| 2480 views | | 10 replies (last February 15, 2019)
Post ID: @OP+XBsfZgV

Why are ya’ll so surprised????

Sycamore partners is a “retail focused organization”— just look at their entire portfolio. Why is everyone so surprised that they are destroying what they do not understand? They don’t want it- they don’t see the value in this business-their vision... — read more 

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| 2120 views | | 6 replies (last February 13, 2019)
Post ID: @OP+XztnrXc

How can we have more layoffs???

So many people already gone, most of our best already sent packing... How in the world is laying off even more people a good business decision? Is the management trying to bring this company down? I honestly can't think of another reason for such... — read more 

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| 2090 views | | 9 replies (last February 13, 2019)
Post ID: @OP+XzsAF0q

MM Tech

The blind leading the blind. New Clueless unqualified leader of MM. granted they laid off my team a few weeks ago. after I sold more all year than people on different teams(who still have jobs). If Chris is the future of MM techs leadership. Y’all... — read more 

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| 1021 views | | 1 reply (February 11, 2019)
Post ID: @OP+XzPuUq8

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