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I AM A KOOK

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Reply with quote  #17 
Has USF laid off any TM's in Southern California.
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KOOK
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Winenot

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Reply with quote  #18 
Quote:
Originally Posted by Ole Foodie
The heads will continue to roll! KKR didn’t invest 500MM to stand by and watch things happen! They will have a lot of control over the company! The last time KKR had an interest in US Food, they left with fat pocketbooks!! That’s what they do! No secret there!!

Yup!! Thats how these hedge funds roll !!
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Francis Zappa

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Reply with quote  #19 
Quote:
Originally Posted by food guy
39 folks gone In Metro NYC
28 good people gone in Philly.

The rest of the sales force can expect pay cuts soon. No way  will KKR allow any of these people to make money they have been getting for years

The attitude will be take it or leave. Problem is there is no where to go.

The blood bath is not over, inside folks are next.

This is what happens when KKR revisits. It cost you jobs! They want cuts asap. They want 7% interest on the money and stock. Pietro had to sell USF people out to get out of this hole.

Hopefully KKR unloads him next now that they are on the board.


I'm amazed at what a bunch of whiners you guys are. All complaints, conspiracy theories, and longing for the good ol' days. No ideas or solutions.

The fact is that we're all facing a catastrophe of a scale none of us has ever experienced. This is just the beginning. Pietro Satriano's compensation has f*** all to do with it.

You want to rage against CEO pay and how the rich have a leg up on the rest of us? What a frigging waste of breath and time. Guess what? Things have always been this way. Never been different. Anywhere. Ever.

Maybe you should start thinking about how you plan to make yourself relevant and useful in the new world. Complaining and griping won't save you. Better put on your helmet and forget about the days when you could coast on your old book of business.

US Foods' sales are down over 50%, and much of the lost volume won't be recoverable for many years.

From what I understand they were the very last distributor to lay off any sellers. It sucks, but what is the alternative? Keep paying everyone and go out of business? Drive the stock down to nothing? Guess what... if that happens, then the new owners would fire even more people.

Let's be clear - The sellers that lost their jobs (<15% of TMs) were unproductive. Could be due to their own deficiencies or failures, or the fact that their customer base is gone. I'm sure they are all great folks in their own right, but nevertherless....not pulling their weight relative to the next guy.

You people all need to figure out how to survive in the reality you live in. Not the one you wish you lived in, or used to live in.


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conman44

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Reply with quote  #20 
Francis Zappa, thank you for that, could not have said it better. And won't attempt!!!
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kjharrison

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Reply with quote  #21 
US Foods did a knee jerk lay off in my opinion. Chefs, produce specialist and some others in Rosemont that do not know the food business, people who do not know how to order, worst purchasing group I have ever seen and( I have been in food for 30 years) should of been cut. Instead of keeping those that keep the food business going, SALES they keep dead weight. Common sense tell you who to get rid of but hey I have common sense, therefore I am not a Harvard graduate.
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formerdsr

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Reply with quote  #22 
KJ, I can relate to that. Most of the "specialists" were useless on a sales call. Many of my customers have been in business for over 30 years. A couple over 50. Not much they were going to help with unless it was some revolutionary way of doing something or a game-changing product. I can see getting rid of the non-hackers and new hires in street sales. But, I don't understand getting rid of people who know the business, and had profitable routes. I guess they need that money to pay corporate bonuses. SMFH! 

Quote:
Originally Posted by kjharrison
US Foods did a knee jerk lay off in my opinion. Chefs, produce specialist and some others in Rosemont that do not know the food business, people who do not know how to order, worst purchasing group I have ever seen and( I have been in food for 30 years) should of been cut. Instead of keeping those that keep the food business going, SALES they keep dead weight. Common sense tell you who to get rid of but hey I have common sense, therefore I am not a Harvard graduate.
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Stocky man

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Reply with quote  #23 
USF employees that were on 30 day furloughs with pay will be terminated Thursday.
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formerdsr

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Reply with quote  #24 
Ain't that just f**king lovely! Thanks, Pietro!

Quote:
Originally Posted by Stocky man
USF employees that were on 30 day furloughs with pay will be terminated Thursday.
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Spilt_milk

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Reply with quote  #25 
Quote:
Originally Posted by formerdsr
Ain't that just f**king lovely! Thanks, Pietro!



I heard Pietro started the Covid19 virus in a lab in Rosemont....



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tread

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Reply with quote  #26 
Quote:
Originally Posted by Spilt_milk


I heard Pietro started the Covid19 virus in a lab in Rosemont....




Great way to get a USF Sysco merger approved.

Private Equity will make changes in this business.
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Spilt_milk

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Reply with quote  #27 
I’m just highlighting Zappas comment on how stupid blaming peitro sounds.  Amazon will buy USFoods before Sysco does.
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tread

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Reply with quote  #28 
Quote:
Originally Posted by Spilt_milk
I’m just highlighting Zappas comment on how stupid blaming peitro sounds.  Amazon will buy USFoods before Sysco does.

Amazon will buy Restaurant Depo.
Then deliver with Sprinter vans.
Will blow Sysco and USF out of the water with same day delivery.
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snoman

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Reply with quote  #29 
Nobody is buying anybody anytime soon. They’d be buying trucks and warehouses that produce nothing except waste. Everyone has that already. All growth will be organic Until the last one is standing and there is no way Sysco falls. 
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jimbo07726

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Reply with quote  #30 
Last Tuesday was a sad day for a select large group of tenured, experienced TM's in the Northeast Region of US Foods. Guess KKR infused 500 million in to the company and at the same time cut loose 15-20 in Metro along with the other divisions. How short sighted was this move? How many customers were shocked and displeased with the layoffs? A lot and many will migrate from USFoods. This business has been built on relationships and now that will change and along with the landscape of the restaurant industry.


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Spilt_milk

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Reply with quote  #31 
Every major player is doing this. It’ll be an even spread of gains and loss in all markets.
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tread

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Reply with quote  #32 
20% have been laid off at Sysco corp office.
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