B&N is taking a page from the Circuit City playbook (on how to grease the skids for bankruptcy):
http://www.washingtonpost.com/wp-dyn...032802185.html
They may not have noticed that the job market has been tightening since last year:
https://www.reuters.com/article/us-u...-idUSKBN1AO1OP
https://www.nytimes.com/2018/01/13/b...t-inmates.html
For the record, it took CIRCUIT CITY less than 18 months from downgrading their staff to outright bankruptcy.
http://www.wral.com/business/story/3930688/
So this move by B&N may be bad for the employees but it portends a far worse fate for B&N, who claim it will save them $40M a year (less than $80,000 a year per store).
https://www.publishersweekly.com/pw/...nes-noble.html
Quote:
B&N described the cuts as "a new labor model for its stores that has resulted in the elimination of certain store positions. The new model will allow stores to adjust staff up or down based on the needs of the business, increase store productivity and streamline store operations."
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In other words, they'll be replacing veteran full time employees with newbie part-timers.
The staff is understandably ticked:
https://www.thelayoff.com/t/RHoxMfy