Toys R Us Lays off 700 Managers


Posted by Julias Jaded Jester ® , Sep 25,2003,21:33   MetroBlab
So as the CEOS of America get rich on tax cuts, stock options, golden parachutes and salaried positions...

local folks hit the unemployment rolls.

Toys R Us laid off 700 managers.

The employees, almost all of whom had no doubt busted their asses for years for Toys R Us.... were called into a meeting and told that their last day would be THAT day. No warning...no notice...no real severance pay.

Thanks for coming by, ya'll.

http://www.retailworker.com/displayarticle186.html

--modified at Thu, Sep 25, 2003, 21:35:21

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 Toys R Us Lays off 700 Managers

Re: Toys R Us Lays off 700 Managers -- Julias Jaded Jester
Posted by Lysander Spooner ® , Sep 25,2003,22:11   MetroBlab
Let's not blame this all on CEOs. They are generally hired by a Board of Directors which in turned are voted on by the stockholders. That could be John and Jane Doe for all I know.