Thread regarding Staples Inc. layoffs

These changes will continue

Guys, it's a sinking ship on fire. The company is trying to get out of this with as litlle damage as possible while remaining profitable. Nobody is "safe" as it's just the way business works. From a cost perspective, it makes sense for those at, or close to the age of 45 to be first on the chopping block so as to avoid higher future severance premiums. And of course all the signs were there. Hints were dropped for everyone to pick up without directlly causing panic. This is part of Staples reinvention, and these changes will continue. The end goal is to make the 3 separate businessesss look more palatable so that they could be sold and in turn, bring Sycamore a decent ROI. You'll be surprised just how close they already are to having 1 of these 3 groups secede.

It's just how business works, and unfortunately, decisions are made on numbers, not the people involved.

Thanks, @RijQHzi-1rkj , so much truth in this.

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| 1741 views | | 3 replies (last January 26, 2018) | Reply
Post ID: @OP+Rju4ifq

3 replies (most recent on top)

so which division will be the first t be sold and to whom? the big A?

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Post ID: @7hiw+Rju4ifq

Where is this idea of anyone over 45 coming from? The cuts affected senior management in many areas which...surprise...happens to generally be people with more experience and a little age lol.

I know plenty of folks who were in 20s and 30s who were let go too. It was a decision based on profitability of role and overlap of responsibility.

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Post ID: @bwu+Rju4ifq

Couldn’t agree more with you. Wake up people!!!

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Post ID: @loq+Rju4ifq

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