More information about the recent layoffs at QVC via The Consumerist website:
A reader who would like to remain anonymous, described the layoff process in an email to Consumerist.
As I understand it, security escorted each ex-worker back to his/her desk, where they collected their keys and pocketbook, etc. They were not allowed to get anything else, and must return at a later time when the building is primarily empty to collect the rest of their belongings.
We suppose that's how it goes when you work in a huge vat of jewelry.
The layoffs are being blamed on QVC's credit card division, which is experiencing more defaults.
In late October, Liberty Media said third-quarter profits dropped at its QVC home-shopping unit as the credit crunch slowed consumer spending and more customers missed payments on QVC-issued credit cards.
Some 27 percent of QVC sales are paid for with the company-issued credit cards, George said.
"People are struggling," [Mike George, QVC's president and CEO] said. "QVC will be more careful, more conservative when opening up new Q-Card accounts."
I have to wonder if the Q is going to continue to push the QCard all the time or if they're going to lay off for a while?
And on another note entirely, is it even legal for QVC security to prevent employees from even gathering up their own property???
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