Bed Bath & Beyond Ex-Employees Report Delay in Severance Pay
- Retailer also missed interest payments on bonds this week
- Company has said it’s weighing options, including bankruptcy
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Former Bed Bath & Beyond Inc. employees say they haven’t been paid promised severance, the latest sign of the worsening financial squeeze at the home-goods retailer.
Some former employees received an email on Jan. 26 from the human resources department that read, in part: “We are reaching out to you to inform you that there has been a delay with your payment,” according to copies viewed by Bloomberg News. “We recognize the challenges this may cause and appreciate your patience as we work to provide an update.”