“Underperforming.” That’s the word Bass Pro Shops CEO Johnny Morris used to describe Cabela’s sales in a 11-page letter issued to employees just before Christmas. The letter, obtained by the Omaha World-Herald, addresses the fate of some 2,000 Cabela’s corporate employees based in Sidney, Nebraska.
According to the letter, Bass Pro Shops has allocated $10 million additional dollars for displaced Cabela’s employees, as the Springfield, Missouri-based retailer—and new Cabela’s owner—seeks to streamline operations. What will that process look like? Something like this:
- Bass Pro Shops will layoff an as-yet undetermined number of Cabela’s employees in Sidney.
- Bass Pro Shops will consolidate all operations into a single building on the current corporate campus.
- Bass Pro Shops will retain the Cabela’s 125-person IT department and “significant” accounting divisions.
- Cabela’s distribution will remain in Sidney.
- A 12-person executive staff will oversee Cabela’s operations, including veterans from both companies. Among those, former Cabela’s CFO Ralph Castner, Director of Diversity and Talent Management Sarah Kaiser, and V.P of Accounting and Comptroller Sheila Dormann.
Bass Pro Shops has hired an outplacement and recruiting agency to help former Cabela’s employees relocate. Some of the $10 million will be devoted to retirement packages.
On September 25, Bass Pro Shops and Cabela’s officially completed a $5 billion dollar merger in the works since 2015.
Cabela’s currently employees 2,000 of the nearly 6,800 citizens of Sidney, Nebraska.