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Barnes & Noble's "Bloody Monday"

Accepted submission by Apparition at 2018-02-14 06:19:37 from the almost-there-now dept.
Business

On Monday, February 12th, Barnes & Noble fired a number of employees.

From CNBC [cnbc.com]:

Barnes & Noble is trimming its staff, laying off lead cashiers, digital leads and other experienced workers in a company-wide clearing, CNBC has learned from sources familiar with the matter.

The news came abruptly for many workers who showed up Monday morning at various Barnes & Noble locations to be notified that they no longer had a job, the people said. The number of affected workers couldn't immediately be determined. As of April 29 of last year, Barnes & Noble employed about 26,000 people.

"[Barnes & Noble] has been reviewing all aspects of the business, including our labor model," a spokeswoman told CNBC about the layoffs. "Given our sales decline this holiday, we're adjusting staffing so that it meets the needs of our existing business and our customers. As the business improves, we'll adjust accordingly."

From The Digital Reader [the-digital-reader.com]:

The initial report said B&N had fired "lead cashiers, digital leads, and other experienced workers", but what that report missed - and why this was worth bringing up a day later - was that B&N also fired nearly all of its receiving managers in what current and ex-employees are calling Bloody Monday.

[...] When B&N fires a digital sales lead, it means they'll sell fewer Nooks. This is no big deal given how B&N's digital revenues have fallen since 2013. When B&N fires a head cashier, it means you're in for longer waits at the register.

But when B&N fires its receiving managers, it means that B&N won't have the merchandise to sell you because the person who was responsible for making sure shelves get stocked does not work there any more.

Previously: Barnes & Noble Reports Holiday Revenues Down [soylentnews.org]
Barnes & Noble Pivots to Books [soylentnews.org]


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