Staples Executive Chairman and CEO John Lederer noted, “Staples has long been the leader in workspace products and solutions, delivering relentless innovation to our customers through our human touch and expert know-how, differentiated digital solutions, and a highly efficient supply chain. This commitment to serving our customers has generated industry-leading revenue and EBITDA growth over the last several years.”
Reality- EBITDA growth is a result of mass layoffs and targeting tenured experienced older associates and cutting expenses. Morale at an all time low and company is not growing. Look at sales in 2011 for the company compared to 2024. Business has been stripped by PE it’s what they do. Those at the top and the owners get richer and everyone else is used and tossed when deemed no longer worthy. Looks like the rich bankers threw a lifeline for the massacre of the business to continue so very sad. There is nothing human or humane about JL. His quote means nothing. Greedy and corrupt and inappropriate communications every time he opens his mouth.