Make a prediction and tell us what you think about Office Depot layoffs? Any chatter, news or rumors?
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Mid manager here - layoffs did happen but unfortunately, it's not over. I have five employees I have to let go in the next week that I'm not looking forward to. There will be more WFR happening over the next several weeks and the lists were made last month. I had zero say in anything and from my understanding, it has to do with salary, years at the company and metrics. From what I've heard, GS is wanting to scale back but I'm not entirely sure what that entails.
I hope everyone the best.
Layoffs happened this week. Lost 3 people I personally know Monday. Same day stock went up 7%.