I was a Store Manager for 8 years before leaving a couple weeks ago. Prior to BBB I was at Kmart for 5 years as a SM. Over the past couple of years I was seeing similar parallels with both companies. But over the past few months the deterioration was way more rapid. Kmart these same declines and late payments took a couple of years and what I was seeing @ BBB has only taken several months to get to the same point. I took another SM with another company with less pay, but I don't have to worry about either my store or the company going under. Anyone sticking around for their benefits or a severance, don't be surprised when the open enrollment comes around and the benefits take a severe turn for the worse. BBB burning cash and can't afford to give decent health insurance and severance, forget about it, their going broke. Good luck to all and start looking for new employment. BBB for the most part is going to be gone in a year.
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I think 1zc hit the nail on the head about staying too long at a failing business like Bloodbath. Potential employers think you will be inured to failure as well. It is not that you're failing to work, it is that the volume they are doing will be foreign to you. All a HR gatekeeper will need is one bad experience. This is why I once commented about the reputation of the place following along with us all. We really have to talk ourselves up and separate from BBBY in terms of our skills versus their failures. We know how good we can be in a better environment.
A company that doesn't want you to stick around so they don't have to match 401Ks is a company that will renege on paying severance. For YOU on the floor, that is. Corp no doubt gets theirs.
Thank you for posting Kmart manager. I worked for Sears for years & I
have posted here that I saw serious parallels too. Didn't know the BBBY was accelerated in decline but if so, get out.
Working for a dying company takes an emotional toll. Knowing the good times are over, never to come back is depressing & do not underestimate what that does to you.
It’s good to leave so that you don’t fall into being used to working for an organization that is failing! Unfortunately, it becomes all you think about and what you discuss amongst your peers. Believe me, you are losing ground by staying here. You will get hired by a successful organization and it becomes harder to get back on track. You forget how to win. You forget how hard the job used to be when we had lots of customers and rotations to complete for an upcoming visit. Once you get used to losing, it is really hard to reverse course.
Don’t allow it to become who you are by staying in the situation too long.
Most likely u r right. Remember, Last year we received an email every few days to remember to terminate all associates before the first of the year so that the 401k match would not be paid out.
Maybe you’re the problem….lol
Closing stores pushed up to dec now to avoid matching 401ks I bet
Exactly!