Thread regarding Staples Inc. layoffs

Wishing I never heard Mike Naab's name. He may be in a leadership position, but that man is no leader. In fact, his decisions and initiatives at Barnes & Noble are helping to bury the company. I hope he enjoys his bonuses, they have been earned on the backs of the book sellers whose jobs he 'eliminated'. Receiving and logistics are screwed. If the book seller at your local Barnes & Noble can't find the book you are looking for, it's because Mike Naab thought it was a great idea to slash payroll so damn much there aren't enough hours available to unpack deliveries and get product onto the shelves. Thanks for destroying what was once a thriving company, Mike

I just threw up in my mouth

Otis should have been fired before Demos...this ego will continue to destroy the company....sending him to the west coast to start the closing of the stores...once they have completed the closures, we will read that Otis is retiring...taking the money and running to the bank...smart move for him..bad move for Staples

They are making sure long term upper management getting set up for nice retirements while the long term GMs are screwed..

"The ONLY reason Otis still has a job is bc he's black"

I agree, and if he was even slightly competent he may have held a higher position.

In 2012 Otis was made EVP and Vinnie Servello replaced Bill Madormo as Reg 1 RVP. The last 4 years, under these two failures, has absolutely been the worst time in my career. Neither one knows how to actually lead.

They know Ois is an idiot and has a very poor rep among the retail division. Sorry west coast, maybe they'll send Vinnie your way too, it will be very difficult to pry his lips off Otis' butt.

While we're at who should be gone, Joe Doody at a $3.7 million comp package should be gone too. A Vice Chiarman does NOTHING and gets paid for it. Think about that cash being used for employee hours!

I can't say this is positive but he has spearheaded the mass exodus of experienced , dedicated managers. He has saved a lot of payroll, but has upended store operations. He has spread his toxicity down through the RVP and DMs.

I have seen stores that were very profitable turn to crap because the managers that ran them were considered overpaid and driven out. They were replaced by inexperienced managers that had no idea how to run a store. I have a friend that works in a store that consistently comped positively and had great CSATs. The GM was fired, the SM was transferred out. Two brand new people were put in those positions and are totally clueless. The Ops sup effectively runs that store.

Let's be real. The ONLY reason Otis still has a job is bc he's black. Plain and simple. I challenge anyone on here to name one thing Otis accomplished the last few years that produced anything positive to the success of Staples.

Otis needs to keep in mind that being sent to the West coast is the same as having a few months left till your execution.

All matches what I was told....

So , if Otis was so valuable why is he getting kicked to the West coast and the Canadian taking the President North American retail position?

Not complaining, Otis is an idiot and should have been fired.

The fact that he was bumped down to SVP from EVP and not given the president position shows Shira does not have the confidence in him that she projected in her announcement.

Hopefully DeSanto will see the tide is changing and there is no room for idiots and nasty curmudgeons like Vinnie or Phil Spadaro.

This announcement has nothing to do with the earlier restructure. However, it was communicated to US Retail associates today. There's been no notification of media/investors, as far as I'm aware, at least not via our Web site.

Yes this is all confirmed in their press release

http://investor.staples.com/phoenix.zhtml?c=96244&p=irol-newsArticle&ID=2131978

You think it's fake?

Has this been verified at all?