Thread regarding Sears layoffs

Someday soon this Transform Holdco will fold

This company wants to fail. All evidence points in this direction. Please consider updating your resume. There are better employers out there. Transform wishes you would voluntarily leave though. If your state unemployment benefits are enough to keep you afloat, then stick it to Corporate. You deserve better than this.

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| 3637 views | | 6 replies (last December 9, 2019) | Reply
Post ID: @OP+ZSIdmsI

6 replies (most recent on top)

If you only knew how this transform whatever it is blows money. Paying overtime pay to bring people in to work on weekends, when the work isn't there. Then wont let you leave because upper management thinks throwing more hours at a disaster will help. Just amazed at how Eddie wont throw in the towel. All because of that oversized ego.

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Post ID: @2ysui+ZSIdmsI

Well I’m no eddie lampert fan, but I’m sorry I worked there well before and after bankruptcy. We all knew it was coming - anyone in shock was simply blind to how poorly our company was being managed. We didn’t innovate, change with the times, invest in stores, strengthen the brand, or address the freight train of competition who was doing everything better than us. I always liken lampert to a vulture circling the dead and dying for the meal. He got a good real estate deal. Good for him. There was never any chance of survival, unfortunately it even took me a few years after the merger to realize what a sack of lying c-ap he was. I don’t really blame him though. I blame mostly the id–tic company management of the mid to late nineties that let it all happen on their watch and they didn’t do one thing to fix it. They obviously had no problem counting their huge bonuses even during bankruptcy proceedings.

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Post ID: @1vgqi+ZSIdmsI

Company was doomed in 2002 when it filed bankruptcy allow the rat to buy the debt, then sell assets to raise stock price to buy Sears. Look up how the history went. Kmart files bankruptcy, the rat buys up their debt to get them out of bankruptcy, then sells off real estate to Home Depot and others, raises their stock price when that happens, then uses said stock value to offer Sears shareholders their stock. Then, closes THOUSANDS of stores afterwards before filing bankruptcy, and what do you know, the rat then buys it out- AGAIN, and made it private. Once a rat, always a rat.

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Post ID: @cykt+ZSIdmsI

It's idiocy beyond idiocy that Eddie could screw up Sears Commercial, later Kenmore Direct. All he had to do was not make the vendors hate Sears, supply the partners and builders with product, maintain the parts business, and field a team of competent techs who serviced people reliably and on time. Sears has been in this business forever with an unassailable market position, and all he had to do was not f--- it up. He f---ed it up. Now it's beyond saving. IBM did just fine abandoning consumers and serving businesses, but oh no, Eddie will find a way to screw up changing a lightbulb, and manage to lose over ten billion dollars and close 5000 stores in the process.

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Post ID: @fnf+ZSIdmsI

Not so much that the company wants to fail.....but that it is destined to fail due to the person that owns it...Eddie Lampert.

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Post ID: @ysp+ZSIdmsI

Amen.

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Post ID: @qsf+ZSIdmsI

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