BNP/Stagnito Update: Resume Report
Unless you scrolled down on my blog and viewed all of the comments that people have left, you may have missed the following tidbit from an “insider” (self-proclaimed) at BNP/Stagnito:
“I think that everyone is waiting to see what will happen after the first of the year. I heard that over 50% of the employees have a resume out. I find that most people at BNP are rude and treat us as if we are fresh out of school and have never worked in the business world before. It is all very demoralizing. Actually I feel like a grade schooler that has been sent to the princlple’s office. There is still no laughter in the halls and most people’s response it’s a job for the momment.”
My guess is that 50% is an exaggeration, but it seems like there’s still a lot of negative buzz in the halls at BNP/Stagnito. Maybe an article about how the company seems to be doing well from an ad page standpoint from min’s b2b would brigten their spirits.

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I don’t know about the rest of the company, but in the department at BNP/Stagnito where I work, I think just about everybody is looking for a new job. So that 50% of the company may not be an exaggeration.
Everybody is uneasy about the future of their jobs, and on top of that alot of the things that made Stagnito an enjoyable workplace have been taken away.
Under the old regime, we were treated as adults. If we worked late hours to get a magazine out one day, management had no problem with us coming in an hour later the next day. If we had a doctor’s appointment that lasted an hour when we were slow, we wouldn’t be docked personal time. If we took a lunch that was over an hour, nobody would say anything, because they knew we would make it up some other time. And believe it or not, people didn’t abuse the system…we all worked on the honor system, and for the most part, everybody was honorable.
Under BNP however, we feel like factory workers who punch in and punch out. Some of us drive like maniacs on the highways if we’re running late because we are scared of being disciplined if we are tardy. The new hours have really affected people’s commutes. Just because we start a half hour earlier, doesn’t mean we have to leave home a half hour earlier to get there on time. Because of traffic, alot of us have to leave an hour earlier, because it is so bad at that time.
But the biggest thing that has upset the employees at Stagnito/BNP, is how BNP seems to look at us. The HR people gave us the impression that we should “just be happy we have jobs”, and that they don’t value us at all. And if we weren’t at our best behavior, we wouldn’t have a job. We have longer commutes, shorter lunches, less vacation time, less holidays and less freedoms, but the worst thing is that as employees, we feel like we are expendable, and that is not a healthy environment for a workplace.
At Stagnito, we are sort of used to getting bought out. A few years ago we were bought by Ascend, and even though there was still some uneasiness (especially because of the unknown), the powers-to-be at Ascend went out of their way to show they “valued” us. Even if they were talking out of you know what, it made us feel a bit more comfortable.
But this most recent transaction feels much worse, everybody is on edge and is afraid of what may be next. BNP really dropped the ball on this acquisition, and they may just lose all the people who made Stagnito a profitable company. Just about every day we hear about somebody else who is leaving the company.
Oh, to clear up the vacation fiasco. When the sale first occurred, BNP told us we would all get 5 days until the rest of the year, regardless of what we may have had left with Ascend. Some people got really screwed over, especially people who had 2-3 weeks left. But then about a week later, BNP said Ascend would pay us for our unused vacation time (which was a good thing), but as far as BNP goes, our vacation time would be determined by some weird scale based on Ascend’s policy (which we’re still confused about), and to make a long story short…I went from 5 days to 2.5. Also, some people who had 4 weeks a year under Stagnito, will fall back down to 2 weeks a year because of BNP’s policies.
A few years back, the saddest thing I ever heard was: “Editorial? That’s just something to fill in the space between the ads.”
The grass isn’t necessarily any greener elsewhere. If anyone is in an environment where individual worth, excellence, knowledge, and teamwork are valued, do share.
When the Stagnito’s ran the company we all felt that we were valued for our knowledge. reamwork and worth.