Store managers are now dropping like flies, this is BAD!!!
Signs a company is going under, Belk fits all of these
Company not paying bills on time No Raises, or raises well below cost of living Leadership has no transparency with employees, very distant and no visable to employees High turnover Hiring freeze Customers are leaving .. — read more
What are you more worried about?
Being called back into work too soon while the coronavirus is still raging or not being called back at all because the closures lasted too long and the company had to shutter some locations? I personally can't decide which is worse. I can't afford... — read more
how does Belk determine layoffs?
What formula do they use? I know managers have to fill out a survey on employees, why questions are asked?
Sycamore Partners deal with Victoria’s Secret Falls Apart
Sycamore’s dead to buy Victoria’s Secret is now cancelled, they back out of the deal.
executives overpaid
Can someone tell me what would justify an executive making 300 or 400X the average employee, any opinions?
Belk is circling the drain
Belk is up there with jc penny in terms of sales. I’m surprised they haven’t filed bankruptcy yet
Belk Slashes Some Health Benefits And Restricts Paid Time Off. No Longer "The Winning Style"?
5/5/2020 Just a week ago, Belk CEO, Lisa Harper, and other executives offered an "inspirational" message of encouragement, from the comfort of their lavish homes, no less, cheering on Belk employees who were forced to face the front lines of a... — read more
How many will not return to work?
How many of the 23,000 people Belk furloughed will never be called back to work? I've already heard from people who said they were now permanently laid off after originally being furloughed with everybody else. How common occurrence is this? Do we... — read more
Belk not paying vendors?
If belk is not paying vendors, is that a sign they are going to file bankruptcy? This does not look good
stand and be counted or sit and be ignored
The only thing associates and store management can do is make their voices heard, or possibly stage walkout/protest like they are doing at Macy’s, target, and amazon on May 1st, leadership like this cannot continue to ruin American corporations.
Meet The Captains Of The Sinking Ship:
https://newsroom.belk.com/leadership-team Their heartwarming and inspiring video is linked in a post further down thelayoff.com.
BAD VIDEO OF EXECS
WOW THAT VIDEO IS EGREGIOUS. LIKE A BIG F-U TO EMPLOYEES WORKING DURING THIS VIRUS
This is the worst I have seen Belk
I have been a manager at Belk for about five years and this is by far the worst I have seen it. Everything is hanging on by a thread, It's like a house of cards about to collapse at any minute.
Belk Executives Have A Great Time At Home While Workers Are At Risk
TA-DAAAA! https://vimeo.com/412133062/b8581a7a77?authToken=eNTM2OC0xMjA4NzAwOTktNTU3MzIwMC0yNzYxMjgxMDk2LV8wX182XzEyXzNfXzRfJTJhNTM1ZTI0LWRiMDMtNDEwMC04ZjI3LWRmZjg4MWQ4YmFmOQ
Gonna get while the gettin’ is good
our entire management staff is looking for another job including the store manager and HR.
Jump ship before it sinks
Belk is like the titanic about to hit an iceberg, I Advise everyone to jump while you can before it sinks
Belk’s hiring practices
Why does belk hire people who are let go from Macy’s? Countless people who worked at Macys and some who have been fired for all different types of reasons. Just curious, any thoughts?
belk stores open may 1 limited hours in S.C.
This could spell disaster
Any news on Belk? How are they planning to keep their employees safe? Will everyone be wearing masks? Will all the stores open?
Will fulltime workers hours be shortened? Returns, customers touching clothing and cosmetics, trying on shoes, long lines. I dont see this going well.
BELK CREDIT RATING DOWNGRADED TO "VERY HIGH RISK" BY MOODY"S ON 4/3/2020
Belk's credit rating has fallen to the lowest rating on Moody's, worse than Macy's, Khols, or JC Penny. According to Moody's, Belk has only $25 million cash on hand and massive debt load brought on by Sycamore Partners. In contrast, Macy's had $200... — read more
When could we come back to work?
Aside from the official company statements and deadlines, I was hoping to get some opinions on when the stores could open realistically and when we could return to work. I got to be honest, while we were still working I was scared. The threat of... — read more
Will Belk lay-off managers?
Managers at Macy’s (mostly STM positions) were furloughed and some were laid off on 4/3/2020. Is belk doing this? They usually copy Macy’s tactics. Also some store managers at Macy’s had to take up to a 30% pay cut
Belk Furloughs
How does the furlough personally affect you? I am interested in human stories. I am a journalist (regional paper, Mid-West) and I am writing a long-read piece on how workers across industries and states are affected. Financial, social, family... — read more
how many associates will actually return to work?
Belk should be nervous about not having enough people come back to work, now that they all get unemployment, most will quit for good.
Executives and employees at Belk take up to a 50% pay cut
So a 50% pay cut is MUCH different for an executive earning $700,000 or more a year, than a poor manager or STM making $45,000/year. You can still live high on the hog with $350,000
what I heard from people at corporate
This is just kind of gossip I guess, but two of my friends who work at corporate told me that rumors are going around that they are going to clean house with the bigwigs, the board of directors want a Lisa Harper and her liberal cronies at corporate... — read more
Managers layoffs and salary cuts are next
I give this another two weeks at most and then it’s salary cuts (for managers). Layoffs for low level STM positions, and possibly the introduction of “multi store managers” where a manager is over two stores for the same pay, a good way discount... — read more
Belk Furlough
Everyone can file for unemployment, and Belk is gonna get money from stimulus. Then when all this ends, they hire employees back,
BELK FURLOUGHS EMPLOYEES file for unemployment now! If you have hardship 401 k loans YOU ARE SCREWED !!
file for unemployment now! If you have hardship 401 k loans YOU ARE SCREWED !! BELK is getting Government backed loans and Stimulus money. FILE NOW !!
Belk may go under after this
as a store manager I feel It is a strong possibility that Belk will not be able to survive after this Coronavirus pandemic, stores were laying off before this, budgets slashed, perks slashed, stores in disarray, now sales are down exponentially and... — read more
Belk needs to close for two weeks and pay employees. Period.
Belk needs to close for two weeks and pay all employees the hours they were scheduled. Period. The health and safety of workers and customers is not worth the risk. People who shop at Belk are old and so are many associates, they are at great risk of... — read more
If Belk closes all stores because of coronavirus, will we be paid two thirds of our salary even though we are not sick? They have cut everyone's
They have decided to shorten the store hours this week from 12:00 pm to 6:00pm. Full-time workers are getting 23 hours and partimers 3 hours a week. I'm worried.
Belk cuts store shopping hours drastically on 3/15/2020
Monday - Sat store hours 11-6, sun 12-5 in wake of coronavirus, but they were cutting store hours before this virus situation even started.
Belk layff then hire new people
our location did a layoff two weeks ago, then hired for new position at $9.00/hr yesterday...belk is trying to get cheap labor. real cheap, like the clothing in the store.
Laying off store managers?
Will they be replacing STM’s (salary) with key carrier positions (part time hourly)? I heard they also want to get rid of STM’s and store managers hired under the old Belk ownership, they also want to purge all managers who have been in the same... — read more
Belk in 2020 is a shadow of its former self
Belk has the ability to be great again if given proper leadership, but the bloated salaries of the executives and upper management bleed the company dry, most store workers work for very little, its the bigwigs who drain the company dry.
More Layoffs on 2/21/2020 on store level positions
Belk stores across the south have lay off today, the positions were clerks, operations, HR, and housekeeping, most under $15 an hour, so so sad for the ones who lost jobs.