It is no secret that all the "performance shares" and other various "C-level" shares are vesting on 3/16 /2018 [6 months post close] Will we see Shir-rah-rah run away with the $14 million truckload? How about the others?
Nobody wants to work in retail
Thread on Walmart's page here: @PQ2pY7n
A box grew legs
What should happen after a supervisor gets accused of taken or losing a high value box at a s.d.o. ? How does h.r. handle this , should the supervisor be allowed to return to the same s.d.o.,how could the supervisor work at the same s.d.o. after... — read more
HR is useless
Everyone, realize that HR never has you in their best interest. They are only there to serve the interests of the company and its agenda and after that, they’ll probably be let go too. If you want to talk about s-xual harassment, look no further than... — read more
Stripping of Accounts
Here it starts for SBA. If the account is not 100K, it will now be pulled out of your book of business. Most SALs in SBA have books of business that have accounts less than 100K per year. As a matter of fact, 3/4 of their accounts fall into less than... — read more
S-xual Harassment
Did anyone have a s-xual harassment issue at Staples? I did and went to HR anonymously. They figured it out anyway and I was let go in a mass lay off last year. I know of others.
Staples Layoffs 2018
Redundancies, RIFs, Layoffs, Job Cuts, Redunancies there is a ton of names for letting people go - do you really think that we'll be affected here in Framingham.
Store Closing
After 5 1/2 years working at my local store, it will be closing in December. Good Thing I got another job back in August and quit Staples. Hope all of my old coworkers are able to find employment soon.
Score Cards for friends of FM
FM has added over a dozen friends in various leadership roles since this January. Want to honestly understand what innovation or improvements they have brought into SDS
U.S retail
How long does anyone think before all stores close in the U.S?
India’s TCS Defends U.S. Visa Use in Anti-White Worker Bias Case
https://www.bloomberg.com/amp/news/articles/2017-10-03/india-s-tcs-defends-u-s-visa-use-in-anti-white-worker-bias-case
Layoffs are not a solution
Many of those hit by the last round of layoffs are highly skilled and trained engineers and operations management with Masters degrees. I am proud to have worked with these exceptional team. The rapidness of the change - and some groups that had no... — read more
Article from Forbes magazine. Masud again takes credit for others work.
“Splunk analytics and metrics are helping us optimize every aspect of what we do, including quickly identifying and correcting irregular transactions so customers receive the best possible service. The Splunk Enterprise platform is a critical piece... — read more
Info given to those laid off
Layoffs happened across both of it's 2 corporate offices, Framingham MA, and Broomfield CO. Affected employees will have a chance to interview with TCS in October... Those hired by TCS will leave Staples for TCS in November, while the rest will stay... — read more
Au Revoir With a Smile
After a twenty year run I was “impacted” last Thursday when I was informed my services with Staples were no longer required. Later in the day in an email sent out by CTO Masud, I found out that my, and most every other “impacted” Staples Digital... — read more
Canadian Layoffs
If any layoffs happens please let us know... "We the North"
IT Layoffs, outsourcing, and FM leaving
Massive layoffs yesterday. Nearly all of IT outsourced to Tata. Also, strong rumors that Fam is leaving. Total sh*tshow
Be ready for many more layoffs at Staples
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... — read more
You are So Screwed
Get on the HUB and READ the policy on severance. If possible find the changes and dates of the changes to this policy. Save this info to an outside location. It use to be 1 week for each year of service up to 16 weeks. (I'm sure they have F,cked that... — read more
150 + people just got let go
Staples just let go of over 150 sales people across the midwest and east coast. They said they "eliminated the position". People recieved 4 weeks of severence. They have been saying that there would not be layoffs because of the buyout with sycamore... — read more
IT outsourcing layoffs next week
Rumors are IT outsourcing and layoffs coming next week at corporate. HR has been huddled with the executives. And so it begins...
AC chopping block next—SBA
There are rumblings, that the AC program is going to be shut down as part of the 20/20 Sycamore Change. As they are ultimately a money losing team. There accounts will be split, the “big” ones will go to the SAL’s and the tiny accounts will go inside... — read more
Massive Layoffs—09/21(Mid Market)
It looks like a massive slaughter occurred today at SBA-MM, as they shut down the ever failing AM 10-29 er 10-19 program. Hundred of people were let go from both the B2B and AM side in those three regions. Survivors were of course BP’s favorites... — read more
Here is what to expect from PE
And now, here is what to expect from PE You are always for sale – Unfortunately there are negatives to working for PE held firms. This is one of the most unnerving for some and where public firms who are more stable have an edge. PE firms are in... — read more
The Sycamore-Staples deal is complete. Staples is now officially a privately-owned company.
It's done.
golden parachute
Staples Inc. stockholders yesterday overwhelmingly approved the proposed $6.9 billion sale of the nation’s No. 1 office supplies chain to New York private equity firm Sycamore Partners, but rejected “golden parachute” compensation for top Staples... — read more
Guess who got a CIO of the year award
https://risnews.com/2017-cio-year-awards-results-are I've been out for a while but sounds surprising to me, any new insights?
Q2 Results Expected Tomorrow, August 24th, Before Markets Open
The long awaited Q2 earnings report is expected in less than 24 hours. However, other than the standard "rou-hah" calls, there won't be an official, investor relations call. There's nothing earth-shattering expected in the report, but the timing and... — read more
Self serve check outs?!
Been told our store may be chosen as a test store for self serve check outs. Store will carry 3 part time front end supervisors all year, but no cashiers will be scheduled. That extra person will be working on the floor. From opening to 11am-ish, the... — read more
Age discrimination?
I worked for a store in the Bay Area 2 years ago, although it was very brief. I feel like the way they worded stuff to me it was a way for me to resign from my position. Which I did so, i've always felt uneasy since that day. Should I even bother... — read more
How Ugly Will Q2 Results Be?
And what impact will it have on Sycamore's approach to Staples once it owns it? There is no way Sycamore will keep retail as it is. There's no point to that. It would make no sense to keep a bleeding retail business as it is now. And even though the... — read more
Staples selling off retail
Article with perspective on the selling of brick and mortar. http://www.retaildive.com/news/staples-spinning-off-retail-business/449556/
How many wrongful termination suits are there presently?
This article was posted earlier but taken down. It is on Reddit as well. My old store in CA was just as bad trying to get rid of people. Glad I am out, but sad for those who are still there and those who were let go in such underhanded manner. This... — read more
Shareholders: Be informed
https://www.rtmworld.com/2d/news/staples-investors-sue-over-6-9b-sycamore-buyout/
See you Later Staples!
I just turned in my keys today! Been a long time (DAILY) reader of this website for a few years now but have never made a post in fear of retaliation some how. I feel bad that I left my GM while still being on the schedule for the next two weeks, but... — read more
No One Left To Blame?
Once retail is gone, which will happen, it will be stripped down to a few choice locations, who will be to blame? As long as the same clowns who killed this company are running any part of it, failure will be the outcome. And there won't be the... — read more
Litigation Relating to the Merger (Investors Are Angry)
http://investor.staples.com/phoenix.zhtml?c=96244&p=irol-sec#15156736 "On August 10, 2017 a fourth purported class action lawsuit relating to the Merger was filed against the Company and each of its directors in the United States District Court for... — read more
New SEC Filing.... See ya Retail...
At closing of the Merger, Staples expects to separate its United States retail business (“U.S. Retail”) and its Canadian retail business, including the staples.ca business (“Canadian Retail”, and together with U.S. Retail referred to as “Retail”)... — read more