Use of this website constitutes acceptance of our. read more, So I was fortunate to make it on first round, now the rumors are more to come after disastrous Q2 upcoming results. The Company is still evaluating the number of potential retail store and distribution facility closures, as well as the timing of any such closures.”. And is there any way to know your store is on the chopping block? The company simply wanted to get rid of as many people as they could (which they've been trying to do for a long time now) and they... Layoffs are essentially the only way Depot can butter up its margin and revenue via diminished costs. it looks like a family guy was right and Office Depot will soon be joining Blockbuster and we'll be out of business I foresee in the matter of 24 months or less the company is starting with the retail businesses and will then go to the regional and... read more. At the request of Office Depot, Palm Beach County could terminate the $100,000-a-year incentive program it has with the office supply retailer. read more. Tom Sofield Cons. These new executives that came in after the failed Staples merger tried to BS us all on corp campus by having ice cream, cupcakes, party in the auditorium, invited to a local bar where my EVP bought us... April 3, 2020 "Annual looming layoffs" 3.0 ... No opinion of CEO. It has started again, more to come before earning call. Office Depot shares have dropped nearly 30% in value between Jan. 1 and May 5. A company spokesperson noted, "The closure was due to an overall decline in business." Welp! However, the stock had gained almost 18% on Wednesday, following its first quarter earnings report. Login into Oracle down again. https://moneywise.com/a/retailers-closing-stores-in-2019. Drive Time’s inspection center on South Pennsylvania Avenue in Falls Township’s Morrisville section laid off 130 employees in the short-term because of the pandemic, according to paperwork submitted to the state. A website dedicated to your survival in today's crazy and chaotic world and helping you to future-proof your life and career. As a former manager I was instructed once to lay off 8 people 3 days before Christmas. It can happen to anyone, anytime, anywhere. The layoffs will happen between June 5 and June 18. Excellent Management. The company established in 1855, has a rich heritage with unrivalled Layoffs hit Greater Philadelphia’s industries hard in April. Also, please share if you know how many people work at Boca Raton? There are no guarantees in life or promises for a bright future. — — It'd be good to know what exactly we're dealing with here. (adsbygoogle = window.adsbygoogle || []).push({}); #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; width:100%;} No one is guaranteed to wake up tomorrow and still have a job by evening. CompuCom parent Office Depot plans layoffs and company restructuring to more greatly emphasize B2B solutions and technology services. Office Depot said in a regulatory filing that it expects to save $860 million once the changes are complete in 2023. The notice that says 175 workers will lose their jobs blames the COVID-19 pandemic for the closure, but notes the job loses will be permanent. The company is planning to layoff a total of 13,100 employees. “I was one of them, know another 4 that got whacked too. This comes as it prepares to close down several retail locations. This has definitely cut into my living expenses and I am at a total loss on what to do. I Just ran across this article in the Houston business journal. Drive Time’s inspection center on South Pennsylvania Avenue in Falls Township’s Morrisville section laid off 130 employees in the short-term because of the pandemic, according to paperwork submitted to the state. Office Depot is planning to cut 13,100 employees and close an unspecified number of retail stores and distribution centers as it restructures its operations and doubles down on IT services, a business line the company has in recent years made inroads... The company, which operates Office Depot and Office Max stores, said an “overall decline in business” led to the upcoming closure. The layoffs which will commence on June 5, 2020 will impact 175 employees. Anything new on more Office Depot layoffs? We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. Is Office Depot going out of business? Neshaminy Plans To Return Elementary Students 4 Days Per Week By End Of November, Nurses At St. Mary Medical Center Plan To Strike, Refreshed World War I Statue Shines On Veterans Day. Office Depot (NASDAQ:ODP) is seeing its stock soar on Friday following news of layoffs coming to the company. I am interested in the overall number of employees. read more, This used to be a good company to work for, they stopped paying for any holidays, They are fixing to sink and I can see why, you can not run a store sitting in a office, They would rather you waste your time in getting a rewards card instead of... Customers are train to deal with telesales group right now and... Just because something bad hasn't happened yet, doesn't mean it won't. I worked at Office Depot in 2007 and caught the store manager stealing, thousands of dollars, he served two years for that. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. The company says that the goal is to complete this plan by the end of 2023. Glassdoor will not work properly unless browser cookie support is enabled. I guess that is a new technical normal. — ... Office Depot’s distribution center in Bristol laid off 175 as part of a permanent closure due to COVID-19. What is on your mind - what should be done and what we've done good so far? Report a correction via email | Editorial standards and policies. Positions being moved offshore. NO LOVE AT OFFICE DEPOT (UPDATED), (c) 2004 - 2020 by Stephen Richard Levine - All Rights Reserved. One anonymous poster claims that more than 100 people from the company’s corporate office were let go on Thursday.