Every now and then I like to come in and check on you guys. Sounds like everyone is still miserable and Follett is "Salary Plus'ing" their employees. Ask an old Neebo employee...if they're still around...about Salary Plus. It was fun times. This sounds exactly like Nebraska... Buying a floundering company (Neebo purchasing CBA) then closing a bunch of stores not long after. Bonuses a thing of the past, wages cut, and now you're working long hours at a smaller rate. In order to get things done and stay under the ever decreasing payroll budget, you're going to have to either bring the work home with you or work off the clock. Marketing is non-existent or keeps digging you into a hole. All that's missing is a Follett Frank mascot. Neebo was at least resilient and it took them 7 years of circling the drain before going down it. How long do you give Follett?
4 replies (most recent on top)
Next CEO will be brought in to carve up and sell off. what's unsalable will be written off in BK.
How can Follett close stores?? I get they can cease to operate them, but most of the colleges need their stores for their students. Wouldn't they just go in-house or to another company?
I currently have a Neebo employee and I will for sure ask.
I've been wondering the same thing. If they haven't stabilized the company by now, you have to wonder if /when they will be bankrupt. Those who were laid off may be the lucky ones because they actually received a severance payout.