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Laid-Off Workers Demand Severance Pay From Equity Firms Behind Toys "R" Us Bankruptcy

May 16, 2018 - 2:00pm
Laid-Off Workers Demand Severance Pay From Equity Firms Behind Toys "R" Us Bankruptcy

After assuring employees that Toys "R" Us is on a sound footing, the private equity firms behind the company's leveraged buyout filed for bankruptcy, costing 33,000 retail employees their livelihoods. Now those employees are demanding severance pay from the equity firms.Customers leave a Toys 'R' Us store in Los Angeles, California on March 23, 2018. (Photo: Mark Ralston / AFP / Getty Images)

Understanding Retail's Volatile Moment

December 8, 2017 - 1:02am

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When you do your holiday shopping this year, keep this in mind: the cashier ringing up your purchase likely worked part time at some point in their career. There's a chance they're borrowing money or using credit cards to pay their bills. Their income and schedules can be volatile. And it's incredibly difficult for them to move up the career chain.