30,000 Toys "R" Us Workers Losing Their Jobs
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- Опубліковано 7 вер 2024
- 30,000 Toys "R" Us workers across the country are losing their jobs. This is what happens when you have a system that allows private equity firms to destroy profitable businesses and throw workers out on the streets with no severance.
What's criminal to me is that the company lied saying the employees would be fine before they filed for chapter 11, so that the employees couldn't file a class action law suit for their well deserved severances!!! Those two companies are very EVIL!!!
Bain capital Mitt Romney remember that
Mitt will run again for president
Dumble Doff had the company been running themselves, they could have figured a way to compete. It is a mix of the two.
I thought that bought KB Toys...and that company's coming back after an almost-decade long absence.
Bain Capital. Isn't that Mitt Romney's investment company?
Vulture Capitalism company. They are typically the financial leveraging company that purchases a failing or indebted business to divvy it up to pay off the debt and make money - while destroying the business and closing it.
I thought they bought KB Toys, and couldn't stop its bankruptcy almost a decade ago (from what I hear, they're returning).
I work at Toy R us too and my store was I of 3 stores that was liquidating at the beginning of this year in my home state, so I know the feel.
About time somebody brought up what these private equity firms have been doing. Thanks Bernie
"...just numbers on a piece of paper."
*Tell it like it is.*
And lots of customers will miss Toys r Us too.
D N They're out of business because a WHOLE GENERATION refuses to find a girlfriend / boyfriend much less are they choosing to HAVE KID'S. Who do you think shops at a place like this? Now, no one due to your gen not having families much less children! Add in the Amazon issues & people not willing to shop locally? Surprise that will cause them to go bankrupt, nothing is free & Yes, you need customers. imagine that... People a real having issue's using critical thinking. Bernie is also being deceptive in this sad video. Using people's emotions (TO MANIPULATE YOU), His Not explaining the problem correctly. So frustrating.
People don't have kids because they can't afford them. Our country continues to outsource jobs and keep everyone under a mountain of debt. Rents are high and people still struggle to pay their medical bills. Sorry you fucked up your life and are now stuck in a black hole of fucking misery with kids you can't afford to take care of and I'm sure you have weight issues as well because you can't afford to eat healthy. If you were happy with your fucked up life you wouldn't be talking this shit and attacking someone for no reason. But you came on the wrong thread and you encountered my ass. HUGE MISTAKE. You don't understand basic economics. Educate yourself and grow the fuck up you hideous bitch.
D N Christmas ☃️🎄won't be the same now😭😭
Just awful, and I feel like I can't do anything to help. I feel so useless and so angry about it.
That won't help because I plan on having moved to Canada by early September.
I remember when business considered affect on community because they were part of that community
Richard Wolff makes the point that in Germany there are laws mandating corporations to have some fraction of the seats on the board of directors filled by workers so worker's interests can be represented.
Neoliberalism has failed all of us.
Sarmiento You got a brain of your own? It has everything to do with greed and littlr to do with whether you ate Rep or Dem. They'll fuck you as quickly as anyone else . You fucking parrots are about the biggest suckers there are.
Coldern Ice, that's a very compelling and cohesive argument you have there. You deftly misunderstood the complaint , and bravely fought against a different point. Bravo, bravo.
Coldern Ice, maybe you should read before making such a disparaging, nonsensical response.
neoliberal: relating to a modified form of liberalism tending to favor free-market capitalism.
neo-conservative: relating to or denoting a return to a modified form of a traditional viewpoint, in particular a political ideology characterized by an emphasis on free-market capitalism and an interventionist foreign policy.
Those are the very short definitions. When you look at more extensive descriptions of both, and then at both parties and how 'our' representatives tend to vote, deregulate, and budget, you see that they are neocons and neolibs simultaneously.
Think of the recent, huge increase in military spending for our already over-bloated military expenditures as one glaring example.
That is capitalism that has failed.
It's a tragedy that only 5,000 americans have seen this. Share. Unite. Fight.
Bain Capital A.K.A. Mitt Romney and wrecking crew.
Even RadioShack & PayLess have laid off countless workers within the last year!
thanks Amazon.
Let me get this straight, Toys R Us promised pension to its workers and after it went bankrupt they went back on the promise? In that case, we should create a program to make it easier to ensure pension.
You still inspire us Bernie
Dont stop!!!!
Where is the “greatest job president that God has ever created” now?
Tyrannical Rex Where the heck are all the kid's- Who would in theory PLAY w/these Toys? Oh right, this generation *IS NOT HAVING KID'S* ?! Why's this shocking, if an entire Generation choose to nit have kids much less husband's & wife's.
Who exactly do you think would be playing with these toys? Lmao. This is not a hard equation to figure out.. No families = No Kid's! Therefore places like this will not be profitable!
Bernie is being deceptive pitting the hard working people against " *The Private Equity Firm's* " Who by the way, Are NOT making money! This is insane people can't figure this out, add in most will shop at Amazon before your local communities businesses (in most case's) it's pretty easy to figure this one out.
3 million new jobs created since Trump took office. Bernie is an idiot.
Tyrannical Rex
Dotard is just an EVIL INEPT, liar!!!
Progressivists: the economy is failing, something needs to be done.
Conservatives: well it's not MY fault so bye
@Tyrannical Rex: In the White House.
Toys R Us going out of business is the fault of the trio of companies that bought it.
Yes, it's classic.
Privatization is for the few. Public ownership is for the many. Toys R Us is a case study in this.
Toys R Us is a labour and real estate intensive retailer. They mostly sell environmentally destructive plastic from Asia. Imagine if these workers got jobs in a green technology factory or infrastructure redevelopment locally that produced something useful rather than needlessly hawking petroleum crap made in a foreign country.
Namen3 that's good thinking, unfortunately most green tech is being developed in silicon valley or in other first world country's, we don't really fund much r&d on that sort of thing in murica,
Who are you to pass judgement on working people, who have nothing to do with the manufacturing of plastic products ? These people are facing emotional and financial ruin. Love to see how YOU get by without something manufactured. You pretentious asshole.
Coldern Ice I would figure out an alternative. I would make whatever I needed. Recycling, repurposing, 3D printing, wood carving. Of course getting jerked around and losing a steady job is never a cake walk. The bigger picture is this microcosm featured is a part of the change need to create space for a healthy economy.
I feel for these workers, I really do. Retail is hell, and corporate offices always do their best to maintain that status quo. We're going to have waves of people losing their jobs in manufacturing soon, too, thanks to these tariffs (hopefully I won't be one of 'em). I'll be amazed if it doesn't turn out that this is the start of another big recession.
They demand their workers to push their credit card scam or their hours are cut. They claimed the credit cards helped the store while every thing inside the stores was breaking down. Did it help the stores???
Thanks Bernie Sanders keep up the Great job
Greg Shaw Please go have some kid's so you can SHOP at places like this! This place is going out of business because millennials Are NOT Having Families, Much Less Children!! Mr. Bernie is deceptive in this video, surprise!
If a whole Generation chooses to NOT have kid's- Who exactly do you think will shop here? Right! Add in Amazon, it should be NO surprise to you long established & local shops are closing down. People can't accept accountability, that is our problem here not some "Private Firm" .
This whole generation should have some kid's too while we're talking about the real reason Toys R US is bankrupt. No Kid's = No one Shopping!
The ToysRus were I live was shut down 4 years ago , it's an empty bldg and none of them are coming back Wal-Mart most likely took them out. If you have kids it's even more of a struggle financially you end up working two or three jobs now...
Its not a choice there is a low birth rate in a certain race because the eggs aren't sticking to the uterus as well as the men in that certain race have low sperm counts so..... Yeah.
Toys R us wasn’t only a huge business it was a wonderland for children and it breaks my heart that the only place where I feel like a little kid is gone. I’m 13 and when I go to toys r us I don’t buy anything but just being there surrounded by toys makes me happy and now it’s all gone
I visited 2 stores today and bought a hot wheel... the first thing I remember buying from toysrus
And now they're back, Unlike their jobs.
As an employee of Kmart, (ours closed in September).. I feel their pain. The rich get richer, the poor get poorer. The Toys R Us store in our city closed just weeks before we did.
This is a result of sending good paying, blue-collar jobs overseas to get a 'cheaper' product here. The problem there is nobody goes to these specialty stores due to not being able to afford it. When factory workers were making 45-65K a year, things were better than when those exact workers started working at a grocery store, fast-food restaurant and cell phone store to make ends meet. People feel insecure in their jobs, they don't spend, therefore the economy goes unstimulated.
Out of all my jobs I see this happens so much new company comes in and buys up the one you're currently working for and then starts f****** everyone over who worked so hard to build that company for them
Why the fuck is no one talking about this????!!!
I cant imagine working for toys r us for 30 years I've work for almost 3 years at toys r us and it has really been hard to try and still come in for your shift when all im doing is taking down empty shelves and looking at a countdown clock they put in untill im out of a job currently its at 16 days
Caleb Alexander
Yeah, I was a department supervisor for 4 yrs at mine from 2010-14 and there was only a tiny handful of people that had worked for the company for more than 10 yrs. Two of them had even been working for TRU for over 20 yrs! However, that was indeed a rarity amongst the employees in my city. I loved working there, but got increasingly tired of how corporate was running things. Even then I saw the writing on the wall that we were in trouble, but i honestly never saw the complete and ultimate end coming this quickly.
I cannot like this video because it breaks my heart
I hadn't gone to a Toy R Us in years. I'm sad that I won't be able to take my kids to one.
Help Us Bernardo
Bernie just gained a 30 thousand person voting block.
Bernie 2020
Those jobs suck run into the ground by iPhone, Wal Mart, Amazon shopping,,, but best buy is holding in for dear life like game stop. . Block buster anyone
The woman in the thumbnail trying to look like Mickey Mouse didn't help? :)
But seriously, I'm surprised Toys "R" Us even still exists. I haven't seen one in decades.
My total empathy for these people. Up until about a month ago I worked for Sears, which is having a nearly identical thing happening (and whose CEO is buddies with one of Trump's minions). Liquidation, watching the place die, and all that...I very much understand how it is and I feel very sorry for those at Toys R Us having to go through it too. (Sisters in liquidation I guess...) My store was closed in April along with over 100 others (including some Kmarts), and now more are due to close in July or so. Sears will inevitably be one of the next ones out after TRU... killing such a longtime company for their own gain. After TRU and Sears are gone (among others) who will they buy next to bleed dry? Previously it was JCPenney I lost a job at because they were trying not to die, and still aren't doing well themselves.
Retail work has become very worrying, like you wouldn't know where to go because you don't want to keep losing job after job because these financial game players are just sucking the life out of them for their own benefit.
I've moved on to a less traditional retail-type job as a merchandiser and hoping that is safer, but like many retail area jobs it has the down side of being only part time.
I need to find something else to help pad the income, but I just don't know where to go... I don't feel like retail can even be trusted anymore and I'm tired of losing jobs due to dying companies, but so much in my area IS retail and other options are far fewer and have requirements I just can't meet. Retail isn't just for kids who want spending money, its for adults who depend on the income, and yet the situation of it is getting worse and most of these people in DC right now could not care less because they'd rather pat these hedge fund idiots on the back for being so "smart" and business savvy at bleeding these companies dry and could not give less of a crap about who it hurts. Retail is a lot bigger industry than coal, but it goes ignored.
These work hard and at the end , they get nothing period.
Just face it! Toys R Us shut down cause kids nowadays are into smartphones. It’s common sense.
I feel so horrible for them! This is nuts! This should of NEVER happened! Hard workers don't get anything in the end & the big boys get millions! I truly hope everyone in this video & all of them employees get something better & pull through!
There is flaws but taking capitalism out and throwing in government run socialism is NOT the answer. Government is NEVER the answer
We will one day have a Bernie like president, I am glad to see him out talking to people, real people.
I realize I don’t understand this but it feels like there should be laws put in place preventing companies from doing stuff like this.
And I believe it was in Chicago, I think it was state employees lots their retirement plans, too.
Isn’t there something we can do?
america chose our president.... we weren’t heard the first time but i hope we get to choose you again, bernie
Blaim Amazon, target and Wal-Mart
Retail is hard i went from steal to Wal-Mart
Lifting steal to Wal-Mart stalker and its harder then steal
FOREVER Sen. Bernie Sanders.
Mr.Bernie Sanders please work hard to make this change 🙏
Toys R Gone
people who work are suckers - everyone should be a investment banker & buy/sell stuff & not actually produce anything - yeah, that's the ticket!
Wht happened to the futuristic view of automation freeing up ppl to not have to work? I see ppl trashing Amazon. I can only tell you as a disabled elderly person Amazon is a life saver for me. I try not to use them but there are times I have no choice. But I live in a failed circumstance of a life. God knows wht would happen to me if I did not have my children. Life in the united states is precarious and not secure. The lady whose husband has health problems. She has lost everything.
People now buy toys on Amazon and not at Toys R Us.
Now these former Toys R Us employees are free to find work elsewhere.
Sad thing is, if Amazon takes over much of retail work..... Amazon is a terrible place to be. Was there for two weeks a number of years ago and you could not pay me enough to go back. (Supposedly even their corporate offices are horrible.) I worry about a place like that becoming what retail employment becomes, it's so soul killing.
I think this is sad to see people out of work and the company to walk away form not paying what the employees have there right to have all along i send my regards to all the employees who gave there all to toys r us bye we will miss you very 😢
Who the fuck thinks Toys r us is a fucking good place to retire from??
Seriously though
Does Auto Bell have retirement packages
Fuck. Just start your own worker owned toy store. Quit waiting for corporations or the government to take care of you.
Haha Bernie is so old he doesn't understand internet shopping.
My Boi Bernie is the real mvp. Feel the burn in BERNie sanders
Go #Bernie2020
I imagine you already know that I am much more socialistic in my economic theory than capitalistic. And yet I am not so opposed to capitalism that I have failed to see its relative merits. It started out with a noble and high motive, to block the trade monopolies of nobles, but like most human systems it falls victim to the very thing it was revolting against. So today capitalism has outlived its usefulness. It has brought about a system that takes necessities from the masses to give luxuries to the classes.
- Martin Luther King, Jr.
BERNIE 2020!!!!!!!!!!!!!!!!
Meanwhile jimmy k thinks it’s funny! And I agree what they had to say I had to close a toys r us!
We need another Bernie Sanders !
Adan Vivero there are hundreds of Bernie Sanders' standing up around the country. They are called progressives, and they are running for local, state, and federal offices. Support progressive candidates running on your ballot, ESPECIALLY in primaries. Check "brand new congress", "justice dems", Green party, and other local progressive parties.
😢
I hate anything that had sadly killed toys r is my entire childhood has been ruined and I’m only 9 this had ruined my life
Penelope And kelly
😔
capitalism
Chinese toys and Wall Street Execs..let it fail and be replaced with innovation
Isn't this why unemployment insurance exists? The premise is that something is rotten if this can happen, but an actual problem is not expressed nor any solutions proposed. It just has sob stories from people that have not saved adequately and sad music. The people losing their jobs should focus on how they can make an economic contribution elsewhere. They are capable enough to hold down a job. If they have grounds, then sue, the executives and the financiers.
Namen3 second most ignorant thing I have read today.
Please enlighten me, +Gimmerstrike.
Namen3 You're just so fucking fine , aren't you, eh? How about you go fuck yourself ? Arrogant twit.
thanks you lose job
ha,
The dramtic ,creepy music is irritating
I get tired of this pity music whenever they show these kind of stories with Bernie Sanders. Just tell the story without the extra.
Toys r us suvks and is losing money so of course they are
We need another Stalin vote Bernie 2020 he's going to purge wallstreet.
They say they had to file bankruptcy because of the greedy workers an their price were not all that good