The entirely unnecessary demise of Barnes and Noble - Brain Fuzzies

Panzer was shaken awake by shouting coming from the Catosphere. Climbing into the Panzermobile, our poor sleepy kitty followed all the noise to the Brain Fuzzies Tumbler site. It didn't take any digging at all to discover a post about the employee layoffs at Barnes and Noble bookstores was causing all the hullabaloo. Panzer told you about the cost saving layoffs earlier this week.

According to the post, Barnes and Noble's employee layoffs earlier this week as a cost cutting measure to save $40 million was an ill-conceived plan. Audreyii-fic believes these layoffs will lead to the demise of Barnes and Noble. This opinion is based on the premise that by laying off the higher paid employees Barnes and Noble won't be able to provide good customer service. The post includes Twitter Tweets from some of the estimated 1,800 laid-off employees to illustrate who was let go. Also included are three posts from other sites about the layoffs. (One of the included posts is the one Panzer told you about earlier this week.)

Do you understand it?

Panzer says, "Hmm ... 1,800 employees laid-off ... Total of $11 million in severance payments for being laid-off ... Umm ... Who gets the $11 million? ... This little kitty is really confused ... How about you?"

Note: This is a humongous post. Bring two thermoses of tea and two dozen muffins for today's reading selection.

To read today's post tootle over to Barnes and Noble


 

B&N to Save $40 Million Following New Layoffs - Publishers Weekly

Today, Panzer made a stop at the Publishers Weekly site. With just a little digging around our kitty boy found a post about Barnes and Noble's newest employee layoffs.

According to the post by Jim Milliot, Barnes and Noble is in the process of making an undisclosed number of employee layoffs. The layoffs are scheduled to be finished by February 16. While the company plans to pay $11 million in severance payments to the employees, it's estimated there will be a $40 million savings in payroll costs.There has been no announcement concerning what departments the layoffs have occurred in.

Why are your plans a secret?

Panzer says, "Hmm ... This little kitty wonders which employee classifications were let go."

Note: This is a long-short post. Bring a cup of tea and half a muffin for today's reading selection.

To read the post tootle over to Barnes and Noble layoffs