AlixPartners declined to comment. A representative for Berkeley Research Group didn't immediately respond to a request for comment. Bed Bath & Beyond is approaching a potential bankruptcy, as its sales decline and losses grow. The company's store shelves have gotten barer as suppliers demand upfront payment, stop shipping goods or change other payment terms. Bed Bath issued a "going concern" warning last week, saying it may run out of funds to cover expenses. Bed Bath had about 32,000 employees, as of Feb. 26, 2022, according to a company filing. But since then, the company's employee count has gotten smaller. In August, it said it would cut about 20% of its corporate and supply chain workforce and close about 150 of its namesake stores. Earlier Tuesday, Gove told investors that Bed Bath has made progress in reducing its operating expenses and will cut costs by an additional $80 million to $100 million, with some of those savings coming from a reduced workforce.