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Staples, Inc. Message Board

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  • splskoolaid splskoolaid May 6, 2011 9:08 AM Flag

    Layoffs coming

    like I said. The former CE people were hit harder than less deserving SPLS people. It is a shame that there is weak minded group think in Framingham as this company should be doing better. Quite frankly, they never should have bought CE. The SPLS management that was in place was well equipped to grow and their strategy was right on the mark before the deal happened. The problem is the leadership of SBA/SNA and operations is not equipped to manage the complexities of a merger of this scale. They are paying the price for being closed minded toward shifting their strategy towards best practices of what both companies had to offer. They adopted a protectionist strategy from the very beginning. I do believe that they will fix this thing in the future but they have lost 3 years of value creation through poor leadership in SBA in particular.

 
SPLS
8.71+0.12(+1.40%)May 27 4:00 PMEDT