Mattress Firm furloughs employees and suspends PTO amid coronavirus - Business Insider

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Leaked memo reveals that Mattress Firm will be putting some staff on furlough and suspending PTO, severance, and 401(k) match as the coronavirus crisis hits retailers

"As the situation with COVID-19 rapidly changes, we must adapt and operate differently both in how we live our lives and how we manage our business," Eck wrote in a statement to Business Insider. "Mattress Firm has a history of doing whatever we can for our employees during challenging times.

Disaster pay, originally intended for employees who were affected by the coronavirus, is suspended starting March 23. Store hours will be reduced based on store performance. Stores with worse performance will be open for a shorter amount of time. An unspecified amount of retail sales associates will be put on furlough based on their performance. Employees under quarantine may also be placed on furlough. The company will pay for the employee and the company portion of all benefits for employees on furlough, including health benefits.

 

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