50%, 90%... What are your thoughts?
13 replies (most recent on top)
JL’s defeated demeanor in the Associate Forums tells you all you need to know. Why he keeps trying to convince us that Sycamore is invested in Staples’ success is beyond me. No doubt the interim CEO was brought in to show Sycamore how to outsource everything lowering operational cost so Sycamore can finally dump Staples.
It may have had more to do with the secretive meetings eluded to on an earlier post with area managers and regional VPs getting cut. VP mid market sales, Wayne McMillan also "resigned". Anyone have more information on additional layoffs today?
Details on mid market restructure?
Question, would anybody on this site be shocked if they were laid off next week?
If so, why?
So what's the rumor with retail??
Sounds like SBA profitable but forecast was really high. They canned a bunch of ppl today and brought new leadership structure to SBA mid-market. Salary savings or what?
Leave while you can, and the job market is still competitive. This ship has been sinking for decades. Don’t wait for it to sink entirely, with an inept SLT portraying false hopes.
Let’s get one thing straight… no one sees a bright future. They’re just not going bankrupt, not now anyways. Retail getting sold off doesn’t mean all of staples will
100% there is no other way out of this mess. Whoever sees a bright future in Staples is delusional.
Retail will get sold off or IPO, SBA will be sold off in pieces and the remaining entity owned by Sycamore will be put into bankruptcy and handed to creditors. Sycamore will walk away clean with an OK, but not great return and creditors / employees with exit options will get nothing.
“based on the latest financial disclosure” What disclosures are you reading exactly? You have no clue what you’re talking about
Huh? Staples isn't going bankrupt. Staples is a profitable company....not hitting an unrealistic budget is poor management. Not understanding the market
I disagree, not our business to business sector of the business aka Staples Advantage. Retails stores closing doesn’t mean the entirety of Staples is going under, at least not now anyways.
Based on the latest financial disclosure, Staples has a Probability Of Bankruptcy of 100%. This is much higher than that of the sector and significantly higher than that of the Probability Of Bankruptcy industry.