It's the most wonderful time of the year......
WSJ article on Sycamore
It's an interesting read and shouldn't be surprising to any Staples employees. https://www.wsj.com/articles/how-one-investor-made-a-fortune-picking-over-the-retail-apocalypse-1521643491
When is rpa bonus payoit?
When will we were the rpa bonus?
TAKE THE MONEY
Take the money. Tell them what they want to hear. Show them what they want to see. (minimal effort only) and prepare for new career. Laugh behind their back and document ALL interactions positive and negative. If you are over forty document any and... — read more
Orange city iowa staples needs a pay increase
Orange city staples promotional products needs a pay raise were losing help
Another One
Yet another reorg on the way. More details to come shortly, good luck everyone.
Is there walkout being planned?
I'm hearing chatter about a Staples walkout of there is another round of layoffs. Is it true? When is it?
Good read
All three business units are separate now. Retail and SBA can go to different buyers. Its a PE model for selling the pieces because separate they are worth more than the whole. Imagine selling SBA to Wal-mart, Retail to Amazon for an automatic store... — read more
More death for Staples (it will just quicken the death)
Domination! March 12, 2018 Amazon.com Inc. is planning to offer a credit card to U.S. small-business customers, furthering its push to supply companies with everything from reams of paper to factory parts, according to people with knowledge of the... — read more
Has anyone negotiated severance?
I was terminated while on FMLA. I was on FMLA because Staples would not make a reasonable ADA and Domestic Violence safety accommodation. Even with a stalking protection order and medical paperwork, so I was pushed out on a leave of absence- I had no... — read more
Are You staying, looking or leaving?
Simple question. Are you staying with, looking to leave or are you leaving? I'm leaving.
Question for all of you
Do you think that SP really understood what they were buying with Staples? I don’t. I believe that SP thought that they were buying a thriving delivery business with growth potential. I don’t believe that they fully understood the complexity or the... — read more
Get ready Finance friends
Beware the ides of March. Now that we’ve closed out all financials we are about to be wiped out. I heard that from a VP that used to be in Finance but now works in NAD
Another store closing
I know this is hardly surprising news, but one more store is being closed. Fort Wayne Staples is a goner as of March 16. How many more will see the same fate this year as the company aggressively pushes online sales, I'm scared to even imagine... — read more
One foot in Walmarts door?
PE groups to acquire CommerceHub for $1.1 bln Published: Mar 6, 2018 CommerceHub Inc., a technology company that helps retailers manage e-commerce inventory, is being acquired by private-equity firms GTCR LLC and Sycamore Partners for $1.1 billion... — read more
Maitland layoffs in progress
Execs called the teams into the breakroom and broke the news about our site closing this morning. They have some BS reasons about profitability, long term sustainability, what’s right for the business blah blah blah. Then HR has “booths” set up for... — read more
Did anyone else hear about....
Fawad going toState Farm creating the same chaos in their “transformation” that he created at Staples. Interesting. If so why isn’t he in jail?
Maitland notices going out on Wednesday
Site wide meeting will be scheduled for Wednesday, SP will be there to announce at that meeting. Extra HR will be on hand to answer questions and explain severance policy. Good luck everyone!
Bonuses
Where are all the trolls who either aren't aware that Staples pays bonuses or incorrectly thought SP would reneg on bonuses? Over 100% bonuses are being paid out to all those who are bonus eligible. Even those laid off recently.
News from SBA front
I’ve heard from a Director that NR addressed directors from across from he country last week announcing that Furniture was now profitable. In fact more profitable division than facilities. As ac/dc sang we are back in black! Well NO $&@! Neil, you... — read more
Working on the SBA side
Working on the SBA side, work life here is terrible and many of us are pursuing the opportunity to abandon ship. However, keeping under the radar is important when working for pure toxicity and the poster below has a point. People may feel more... — read more
Oh Such a success story. Typical for Staples
https://www.slashgear.com/staples-connect-hub-is-dead-as-iot-graveyard-grows-26521126/
Staples
I'm a reporter at The Wall Street Journal. I'm trying to learn more about Staples. If you're willing to chat, please email me at khadeeja.safdar@wsj.com or call me at 718-404-4736. I am available at the same number on Signal, too. Thanks so much... — read more
The horror. The horro
It’s coming again
Cutting hours in the warehouse
I work at Staples’ largest DC and all the leadership is freaking out about the budget. They are cutting hours and closing the warehouse early most days. Thinking layoffs are happening soon but in true Staples fashion we are still hiring. Wondering... — read more
Looks like our old buddy Demos is doing a great job
https://www.cnbc.com/2018/02/12/barnes-noble-cuts-staff-after-dismal-holiday-season.html From one failing company to the next.
Has anyone received their unemployment yet?
In MA, if you are required to sign a severance package, you can receive unemployment (at least that is my understanding). Has anyone received theirs yet? I have not. Just curious - first time I have filed and not sure I am doing it correctly. Thank... — read more
Henderson warehouse shutting down
Sorry to hear about the closing of the Henderson NC warehouse coming soon (timing not clear, maybe summer/fall 2018). New automated picking fc in charlotte is being built out and the Henderson operations will be combined with Charlotte once it is up... — read more
Sycamore looking for out
Sycamore in talks with Walmart to unload sba
Bonus received
Got my bonus, got 16 weeks severance, got a special store closing stay to end bonus... OH, sorry, forgot to mention this was 2014... and they really had tried to fire me back then but gave up when they realized I had been documenting all their BS in... — read more
Head of Merchandising Last Day Early March
That day has come. Next is head of Sales, N*. Will report when on that soon.
Alphabet’s drone delivery division has added an Amazon veteran to its leadership team
https://www.recode.net/2018/2/6/16965834/google-drone-project-wing-faisal-masud-amazon-alphabet
March Layoffs Update Manager have a meeting on Tuesday 2/6 to go over plans for the second wave if layoffs. Cross your fingers everyone we made
So. What is the latest (and please no SP or Staples Management need respond)
Staples is not about “easy”
Everywhere we turn to, anything we try to accomplish, there is always a block wall, it takes for ever to get anything through. All the latest changes from IS help to HR as well as the infamous Coupa, facilities Etc. I could go on for ever, we can’t... — read more
Staples is in even more trouble
https://thegrio.com/2018/02/06/sherri-shepherd-accuses-staples-racial-profiling/
did you guys receive your bonus this year?
I know it doesn't matter, just curious, I was laid off before the bonus pay out, just want to know if everyone gets their bonus?
New Executive Compensation Plan
100% commission now, based on how many family photos are eliminated each month.