Thread regarding Staples Inc. layoffs

Abandoning Ship

Finance has lost 3 long standing managers since the beginning of the year….do they know something we don’t?

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| 1461 views | | 5 replies (last June 5, 2024) | Reply
Post ID: @OP+1rZXREay

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Restructuring billions in debt at a higher interest should be clue #1. Not being able to pay bills is clue #2. Company is not financially stable.

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Post ID: @Tsup+1rZXREay

Yes. FP&A associates openly talk about the company filing chapter 11 before the debt payments come due in a couple years.

The directive from Sycamore is to increase profitability at all costs bc of how much debt we have to pay back.

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Post ID: @8byj+1rZXREay

Certainly! Run while you can.

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Post ID: @7uad+1rZXREay

Finance was full of incompetence. Majority of the current finance team just spews negativity and uneducated opinions.

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Post ID: @1lnm+1rZXREay

They knew TOO MUCH. Lol

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Post ID: @hfo+1rZXREay

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