Quote:
Originally Posted by Fbone
Riggio said in his latest earning's report that at one time the Nook division had 1600 employees. That's 1600 mostly IT employees working in Silicon Valley.
Do the math.
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Seattle salaries aren't much lower and Lab126 staffing has long been pretty large. These days it's enormous.
https://www.bloomberg.com/view/artic...e-the-r-d-race
The issue isn't the absolute numbers at the back end, per se, but rather the management of that staff. Those 1600 employees should have been able to earn their keep if properly deployed and managed. If they were over-staffed, under-utilized, or over-paid that would be on B&N management. Same as it is on their management that their website has long been substandard or that they had to buy back Microsoft's investment in Nook for non-performance.
Plenty of companies deal with those tech issues every day without incurring massive losses year after year after year. It doesn't take a decade of fumbling around to figure those things out.