Polished.com Inc (POLCQ)

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"It’s been a bloodbath’: Goedeker’s cuts dozens across St. Louis-based operation"

"ST. CHARLES — Appliance retailer Goedeker’s has laid off dozens of employees in its St. Louis operation, former employees said, as new executives continued to consolidate power in New York.

The workers said the cuts targeted roughly 40 people, or about half of the company’s St. Louis workforce. Executives told local leaders to cut their teams in early October. Jacob Guilhas, the former vice president of logistics, said he was asked to cut his team in half. In the weeks following the layoffs, a number of other employees quit of their own accord, including Guilhas, his deputy, and a manager of the company’s local warehouse.

“It’s been a bloodbath,” Guilhas said.

A person who worked in purchasing said her team was slashed to 3 staffers from as many as 10. Workers said accounting and IT were hit, too. Half the warehouse staff then left.

The company confirmed the cuts in a statement Thursday, casting them as part of a reorganization to grow its e-commerce business nationwide.

A company spokesman said positions have been added in New York and New Jersey, and in Florida, where Goedeker’s acquired another retailer this summer. The company is planning to open distribution centers in Texas and California to be closer to those major markets, and positions will be redistributed there, too. Some St. Louis positions have been refilled by people with more e-commerce experience, the spokesman said."

"Moore decamped for Brooklyn, where Appliances Connection has its showroom and offices. By June, he was telling investors that the combined company would need one name — and it wouldn’t be Goedeker’s."

https://www.stltoday.com/business/local/it-s-been-a-bloodbath-goedeker-s-cuts-dozens-across-st-louis-based-operation/