So this really s---s. Announce layoffs in a memo, and not say who it is that will be laid off. So now it's wait and see for all of us. Way to go LL Bean, way to go.
For those wondering what's going on, here's a nice summary:
https://www.pressherald.com/2018/03/16/l-l-bean-reports-difficult-year-in-2017/
Citing flat sales in 2017, Freeport retailer L.L. Bean Inc. said Friday it plans to eliminate about 100 positions this spring and will not be giving out performance bonuses to employees.
In a memo to the staff, company President and CEO Steve Smith said 2017 was a difficult year for the retailer, with problems including a slight drop in sales and shipping problems related to a systems upgrade.
Charlotte Berry of Topsham goes to the L.L. Bean store last month to return a pair of boots she recently bought from the L.L. Bean catalogue.
Charlotte Berry of Topsham goes to the L.L. Bean store last month to return a pair of boots she recently bought from the L.L. Bean catalogue. Staff file photo by Brianna Soukup
“As you know, 2017 was a very challenging year for L.L. Bean, as we continue to operate in a very dynamic, ever-evolving and uncertain retail environment,” Smith said in the memo.