The $1 billion dividend payout from the debt Sycamore saturated Staples with will be a conversation again.
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They’re already trimming the fat by all the recent SLT “resignations”. Sept is always notorious for departmental layoffs of some sort - but its become evident something is going on.
No fat left to trim. Down to muscle and bone.
Had a Chat with my VP.- said refinancing this huge debt load would be a problem for Staples soon.. he is definitely looking for jobs and hinted me to be on the search. Aah.. The Bane of Private Equity Ownership.
What does this mean for business though? More "trimming of the fat"?