For those of you lamenting the loss of Staples culture, the loss of respected leaders, the ongoing terminations, anxiety over the security of your job and the ever changing direction of the company, you need to do your homework and be realistic. Private Equity has one goal, and that is to make as much money as possible from their purchase and then get out. They don’t claim to do anything other than that. If they have to slash and burn their way to get their, they don’t hide that fact. Does that mean that many more jobs will be lost, that longevity and loyalty aren’t a factor, that offices, stores, entire teams will be eliminated - yes to all and much more. That is the nature of the beast. If you can live with that reality, then hang on as best you can, but if you are hoping for anything other than an intense squeeze to wring out every dollar, you are misguided.
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If you have a 𝐎𝐟𝐟𝐞𝐫 for a life jacket , take it. Don’t expect the company to have enough seats in the lifeboats for everyone. Staples is the Titanic and we know how that ended.
Jump ship before it’s too late!!!
I think at this point regardless of the retail store they are going to face more closures, Starbucks is looking to eliminate at least 400 or more and have many others downsize to doing only mobile orders, people were not going into stores much before and this will make that worse long term. Because staples is a back to school business we don’t even know if there’s going to be a school, if time is going to be remote and distance learning expect huge cuts and closures that’s a no brainer I think we can all see that writing on the wall, remote or in pen.
What will happen in October. Curious to hear your guess.
We've all seen Howe the pandemic lockdown has accelerated many retail companies demise. These were all happening in slow motion. Then in rapid succession many bankruptcies and closings. So it will be with Staples.
SP is using this excuse to bleed dry the retail division and you all are just along for the ride. I predict an October surprise in your future.
Think of how much money SP will save when they finally drop the axe on these people that sit behind their computers all day. I imagine we'll start seeing more requests from our managers to spend more time in the field with us! Oh joy!
https://www.yahoo.com/finance/news/jeffrey-gundlach-sees-unemployment-wave-hitting-white-collar-jobs-224443437.html
I agree management propounded those lies about private equity, and who was the biggest fan? SG. Remember all those meetings where she extolled the virtues of being private’s? Wonder I said she knew what law ahead...
Oh Pleaze....customers do not give 2 sh#t$ about the loop or work life magazine. Major Fail!!!
Ah yes, the Reinvention Convention in Orlando is but a distant memory. I am sure that SP would love to have the money back for that event. It did light up the social media airwaves for three or four days, but mostly at the request of Staples leadership. To be fair, it has been the Squircle and the Worklife magazine that has enabled Staples to weather the Impact of the economic downturn. Have a Coke and a smile.
Where are all the rah rah LinkedIn posts from the "leaders" and their Kool-Aid drinking @ss-kissers? Staples is bleeding Tru-Red. Good rithens...
haha, some sad sack still gaming the ratings here. how totally pathetic.
Bueller: “You’re still here? It’s over. Go home.”
No one should really blame Private Equity for behaving like they do. That is a valid point. I believe that what bothers most people is that Staples leadership whole heartedly collaborated with SM and propagated the false narrative. SM's biggest mistake was thinking they could get any results out of the same lame, unoriginal, glory hunting leadership they kept around. If anyone went to Foxwood's in the last few years you would know the "high school" political climate that infected leadership.
I left before the Titanic period. I've seen it all before.
I do not know if the managers were lying to you but to themselves. I remember the day this transaction was announced I had told my manager it was the beginning of the end. They all said the same thing "It allows the company to make decisions quicker and not run the company by the quarter" Instead it is run by the period now which is far worse. Anyways, if you have something else in the pipeline I would recommend looking into it, especially if you are 100% furlough.
I told y'all the same thing two years ago. They lied to you when they implied that a "stronger, better Staples" would emerge. Most of these managers are liars in the end, although they trick themselves into believing they're not, just "following orders". They're weak and despicable but they're also the average and the expected, it's a rare day you find one worth listening to.