It's so weird to hear about this kind of hollowing out at every retail store, in every office. It seems like management understands, at some level, that the level of understaffing they're maintaining isn't survivable, but at the same time they seem helpless to do anything about it. Like literally just hire three warm bodies, but somehow that is insurmountable.
hedge funds buy them and cut costs like crazy and eventually the company dies but they make shitloads of profit in the few years that they own it while the company reputation slowly goes from decent to awful and people stop going and it shuts down. capitalism is eating itself.
Pretty much this. Staples got bought out by a private equity firm for its online business, which is apparently very profitable. In my last year with the company we were told that the brick and mortar side had actually become profitable as well, yet we never saw much c change in so far as budgeting and labor hours. As a matter of fact labor hours were cut.
Like literally just hire three warm bodies, but somehow that is insurmountable.
the people above the store managers will literally fire all of the store managers and come in and basically Pinochet the place up with military discipline if they do this lmao
like a lot of my managers at work seen frustrated by the lack of staffing but it seems to be a combo of "if I go over labor whole scheduling this week I might lose the only job that pays a living wage I've ever had" and just no one wanting to work
Management has an idea of what a warm body "should" cost, and they refuse to update it as the market changes (or they can't adjust it and still make the necessary amount of profit)
It's so weird to hear about this kind of hollowing out at every retail store, in every office. It seems like management understands, at some level, that the level of understaffing they're maintaining isn't survivable, but at the same time they seem helpless to do anything about it. Like literally just hire three warm bodies, but somehow that is insurmountable.
hedge funds buy them and cut costs like crazy and eventually the company dies but they make shitloads of profit in the few years that they own it while the company reputation slowly goes from decent to awful and people stop going and it shuts down. capitalism is eating itself.
Pretty much this. Staples got bought out by a private equity firm for its online business, which is apparently very profitable. In my last year with the company we were told that the brick and mortar side had actually become profitable as well, yet we never saw much c change in so far as budgeting and labor hours. As a matter of fact labor hours were cut.
the people above the store managers will literally fire all of the store managers and come in and basically Pinochet the place up with military discipline if they do this lmao
like a lot of my managers at work seen frustrated by the lack of staffing but it seems to be a combo of "if I go over labor whole scheduling this week I might lose the only job that pays a living wage I've ever had" and just no one wanting to work
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Management has an idea of what a warm body "should" cost, and they refuse to update it as the market changes (or they can't adjust it and still make the necessary amount of profit)
“necessary”