Jan 31st corporate layoffs to impact 30%

Layoffs will happen on Wed Jan 31st at Hoffman corporate, Illinois WARN notices numbering those to be laid off are released on this day, if you want early access to the exact number to be laid off Google ‘Illinois warn notices’ they will be available on Weds or sooner and provide the numbers that corporate will let go, 30% have been selected for layoffs across all businesses, be ready, have important items taken home on Mon or Tues so you don’t have to suffer the indignity of packing in front of colleagues, take your important work with you, get phone numbers of references, if you take them stock up on medications on the day you are let go while you have the insurance, don’t sign the papers right away, have a back up plan, leave with your head held high, don’t give them the satisfaction.

to the poster who will inevitably write “drain the swamp”remember these are minimum wage workers too with families (I’m sure your mother/maker will be proud of your charitable attitude when you do post it)

for those who are not let go be there for you laid off colleagues they’ll appreciate it, good luck everyone

Comment! It's anonymous!

29 replies (most recent on top)

@23lvg - "Full of hip, cutting-edge plans and ideas, in the end they all turned out to be bs failures." That is exactly why she still has a job, because what you stated is her job. SHLD is such a train wreck that Eddie needs window dressing to hide the debris. So he calls on her to come up with brilliant new programs to bolster the SHLD image. As long as these programs distract the observers from seeing the disaster that SHLD is, then it is mission accomplished. Eddie couldn't care less if the programs actually work; if they provide the distraction he desires, then she has earned herself a big fat paycheck!

@RrfHTXZ-23lvg Honestly because I believe she uses her charms and looks to basically still be hired (thats how a lot get on top at times).

Great, so the main question is, why is Leena still employed? She has never had anything near a successful or profitable fiscal year and has deconstructed a once great Company. Full of hip, cutting-edge plans and ideas, in the end they all turned out to be bs failures. Again, why is she still employed? Almost any other person in her position would have been bonused and kicked out long ago. Where is the business media on Leena? Why haven’t any of them questioned her record or lack of ability or her consistency in destroying Sears. WHY Hasn’t Leena Munjal and her Staff been fired? What’s her secret?

Great, so the main question is, why is Aleena still employed? She has never had anything near a successful or profitable fiscal year and has deconstructed a once great Company. Full of hip, cutting-edge plans and ideas, in the end they all turned out to be bs failures. Again, why is she still employed? Almost any other person in her position would have been bonuses and kicked out long ago. Where is the business media on Leena? Why haven’t any of them questioned her record or lack of ability or her consistency in destroying Sears. WHY Hasn’t Leena Munjal and her Staff been fired? What’s her secret?

@2ypl The retention bonuses take away to savings of firing actual workers. Sigh. Eddie should host a reality show called "Can you run my company better?" And let random but vetted contestants run it. It could be internet only because not ready for prime time tv.

Wouldn't be any worse than what's going on right now.

@3naj No because if you get a severance payment it is as though you are still employed, so the warn notice could be as of tomorrow if indeed there actually are layoffs tomorrow at HE.

How do the Illinois Warn Notices work? There are some companies listed on the November supplemental section that show additional January layoffs....wouldn’t Sears have had to file by Nov 30th or Dec 1st to have layoffs by Jan 31st?

Anyone who assumeshould that corporate hasn't ever been touched regarding layoffs is clueless.

Top executives are likely to be offered very lucrative retention bonuses after those cutbacks. As top management gets nervous, the board will offer big bonuses that pay out in increments just for staying with the company. These will probably be $20-50k depending on the position, increasing to six figures if they stay through all of 2018.

Also watch for enhanced compensation to make up for the terrible stock price. Most execs get stock options as part of their compensation. Since the stock is near worthless, they will expect sweetened pay or bonuses to make up the difference.

Most of the jobs being eliminated will have no place in the new SHC. Most of the employee evaluations dont matter because most of the employees wont be left or wont get a raise anyway.

To give you a hint of what is to come: What departments or teams could be eliminated if you are closing most stores, dont care about advertising, dont have vendors, and dont care if anyone spends points. Just a hint

What is your source of the 30% claim?

if you expect the company to fold in the near term you can cut staff 30% with the expectation the work will be accomplished very poor with some work not getting done at all.Pay some suppliers keep IT running , forget a bunch of the other functions. PS don't expect employee performance evaluations to be completed.

Any news about layoffs in the sf office?

the cuts will get closer to the top than you think

Fred is correct. The layoffs will be the worker bees. Chris B. & Leena should have trouble sleeping at night but I don't think that's the case.

@1apd good comment

@1pve: the cuts will not be at the executive, director, president level, etc., where the salaries are in the mid to high six figures. As usual, the cuts will be directed towards the worker bees, those that are making middle class salaries, so you're really cheering for cuts towards the people it will affect the most.

Most of the worker bees at corporate have little, if anything to do with the colossal failure the company has become.

Do you think someone like Leena Munjal or Chris Braithwaite will be cut? No. They will stay and will sacrifice very little, if anything at all. It will be the accountants, I.T. people, inventory specialists, marketing specialists, secretaries, support staff--and so on--who will face these layoffs.

And before I'm accused of being a corporate troll, I'm just a lowly salesperson in a Sears store. I just have a realistic view on things. I'm 66 years old, so I've been around the block a few times.

Drain the swamp of those corporate idiots!!!!! Yessssss!!!!!!!! Let's cut some top stupid DMS too!!!!

Heard the same 30% for SHI.

This is all fake news, don't believe it. Watch Fox News for updates.

300 IT is the number I've heard. The rest of the company is the balance of 1000.

Drain the swamp

I have heard a lot at Hoffman talking about Wednesday, seems set. 30% does seem high, would be close to a 1000 if that were the case and I don’t see how operationally it could be done, still, this is not like before, stock is in the $2 range, debt is at $5 billion, bankruptcy this year is inevitable, with those variables anything is possible. Good luck and like op says if you’re lucky to survive do what you can to support those cut.

there around 4000 corporate employee ( give or take 100-200 ) so that around 1200 to bite the dust assume avg. pay of 50k that about 60 milion saved enough for SHLD to stay open for another 10-15 days - a pre-packaged Ch. 11 bankruptcy before the year ends is inevitable

@mbw

It’s sad so many people are loosing their livelihood but I hear their is a better life outside of sears

The reason I stayed is because if my co workers who are great not the company

They’ve cut so much our sears store is a mess and Friday they cut a lot of full timers who came to sears before the merger with Kmart when sears was a great place to work!

Good luck to each and everyone of us

@RrfHTXZ-mbw Its one of the best ways to cut they already did the retail side now they are going to cut the corporate side. They have to save some $$$ some how so I guess its corporate now. The sad part is how many of those corporate worshipers are going to feel the pain. Not all, but their is a lot that say Eddie is looking out for each other, well we will see if he was looking out for you (also ouch if its 30 percent thats a lot to cut).

Trust me you don't want to be the last to go, working in a store that is about to close was one of the most demoralizing times I have ever done. The economy is looking up, get you butt out there and move on.

I have also heard rumors from various co-workers and friends at Hoffman that the 31st is D-Day. I don't know about 30 percent.... this seems a little high to me.....we also heard they were going to reduce contractors and spare some employees but actually my feeling is "to just let the ax fall" and then move on to another company that actually has a chance to survive. Sears is nothing more than a 'zombie' company barely in business. The latest strategy by B6 ivory tower to swap debt with company stock - sounds overly complicated to me and if I were a lender I would not do it. Usually at this time we hear about a bunch of new projects for the new year but not this year.... so no one should be surprised. Even after the holidays the campus is a ghost town. I believe the party is over... time to move on.

It’s good to know this, but won’t all of us be laid off before it’s over?

Thread regarding Sears layoffs

Jan 31st corporate layoffs to impact 30%

29 replies (most recent on top)

Post a reply