#layoffs

https://www.calcalistech.com/ctechnews/article/s1g3z02cgg

See for yourself, more than 25% were let go

Another round of layoffs starting today. No love for tenure employees as three of my closest friends have been impacted

Everyone acting calm while refreshing Slack and Outlook like it’s the stock market.
Morale’s on clearance and hope’s in short supply.

Good luck to all tributes tomorrow — MAY THE ODDS BE EVER IN YOUR FAVOR 🫡🔥

See y’all at the Target Café for one last Red Eye Latte ☕😬

What other departments got hit? Seems like this is going to be another big one. That was a fun meeting, love to hear what others are being told.

Has anyone seen or heard if there are areas that are likely seeing more hits now that we're getting more invites. Sorry, no info here .

Imagine those going end up losing 12 EDOs and floaters to align with EM's global regions who don't have the same. Likewise for the DB plan.

How do layoffs work with WARN? If WARN requirement is 60 or 90 days depending on the state, is that your severance? For someone that's been here for 1 or 2 years, would severance get bumped up to the WARN requirement instead of the 2 or 4 weeks? Thank you.

Wanted to ensure everyone knows that the 60 days that is provided is not out of generosity of target. Its a way they are actually getting around notifying the minnesota government of the mass layoffs. Instead of notifying the government first 60 days in advance of a planned layoff, its notifying employees and at the same time telling the government. Look up the minnesota warn act.

Just piling onto the absolute abysmal job target is doing to communicate.

https://finance.yahoo.com/news/wells-fargo-warns-more-layoffs-203919733.html?fr=sycsrp_catchall
Wells Fargo has cut staff every quarter for the last five years. Its headcount of 210,821 declined 1% from the end of the second quarter and is down 4% from Sept. 30 of last year.

The CEO said the company has instead become more efficient.

“This was not driven by business sales or outsourcing but, in fact, real improvement in our efficiency,” CEO Charlie Scharf told investors on the bank’s earnings call. “We’ve also significantly reduced how much we spend on professional and outside services as well as non-branch real estate.”

Exact numbers of people who will lose their jobs were not shared.

I heard that everybody but GT (why not???) is having layoffs today in EMEA. Is that right? How many have been impacted?

Already hearing folks getting let go. Good luck to us all.

as a remote employee i’m surprised they haven’t asked all remote employees (yet) to return to office or resign as a first wave. that way they’d save $ with paying out severance. i know they have asked specific roles to do so but not yet company wide. i’ve been waiting for the other ball to drop since hybrid RTO

Quarter is not looking good

One of our posts about our su-k a-s security team and its crooked VP has hit over 100 thousand hits and counting. That is more than any other company has ever had on layoffs.com. One of the posts in that string has almost 4000 employees who have thumbs up the plead for help. That too is a record. Where have we gone as a company to sit mute to so many associates’ cries for help? It’s a pathetic record to have on this site and our customers see it. Hopefully the new company merger and shareholders and board of directors will see it and make the right decisions on who let this all happen and lay them off! Those records are embarrassing!

Hi everyone, I'm sorry for what's happening this week. I hope Target doesn't just turn around and post those roles in India.

Anyway, the top 10% of earners drive 50% of consumer spend. The other 90% are tapped out, and offshoring jobs definitely won't help those 90% get back to their typical spend levels that companies like Target rely on. So companies are increasingly marketing to the top 10% but that's just eating seed corn, not a growth strategy. Even then, my household is in the top 10% and shopping in a Target store has become something to avoid if at all possible. We'd rather have stuff delivered than deal with the hassle. So, I want Target to survive but if the plan is to offshore in India they're contributing to the decline of their own customer base, and deserve to go the way of Sears and Kmart.

Worst experince of my life. nothing but a bunch of false promises and liars. Former and cutrent people there pick on people with disabilities.

I took ERP and have been gone more than a month (Hallelujah!) Hoping my friends who got laid off - the term “unmapped” was used - find new employment by the deadline, which should be around now. Anyone know the deadline to find new roles or other employment? Just don’t want to say the wrong thing to friends who are stressed and disrespected enough as it is. Thanks.

Are there any particular CL levels at which you are safe for life? Might give something to aspire to..

I have to imagine that if we do survive that morale is going to be bankrupt here. I would rather have a job, but I hope people realize that they are very talented and we deserve better of our employer. Don’t settle for anything less. Let’s support our co workers who do get let go and keep fighting for the kind of careers we all want… which is hopefully not this.

Is it an email, phone call, something else? I'm guessing since we're working from home, it's not a meeting, unless they call you in, which seems a bit too cruel even for this place. I'm sorry if this is common knowledge, but I'm new here and new to layoffs in general.

Something huge is afoot at the highest echelons of Oxy…We are witnessing real time projects to simplify the companies process and eliminate inefficiencies.

There’s increasing chorus to perform a 15-20% layoff in 2026 to satisfy the market and reduce retirement obligations…

Chime in with your thoughts and opinions

Look back at the layoffs from 2015. The excuses are the same. Too many layers, too much inefficiency, too much redundancy, too slow with technology, costs out of control, and a business model in perpetual catch-up mode.

The only thing certain about this company is its ability to keep spinning and spinning without actually solving anything. This was a broken company then, and it’s broken now.

By December. Stay tuned.

I've been in a couple meetings late last week and management Sr director, ADs, SMs all mentioning the site as if our fear isn't valid. Basically they all were saying everything here is fake and no one really knows. Just strange that higher-ups mentioned the site by name and wanted to discredit everything on here. Who's know what is true on this site but for leadership to acknowledge it shows even they know some layoffs are coming.

The downfall at Target is certain. If you survive, find a new job ASAP.

Here is the big issue. You’re all worried about Trump and thinking the Mexicans are stealing the jobs when in reality it’s happening in front of our faces. It’s the Indians. Wake up people. India doesn’t even have Targets lol.

Target HQ I hope you read this. Good luck maintaining a company that operates in India that lack an understanding of the American culture. Do you see many Indians shop at Target? Mostly American white woman lol. That right there is the problem. But, hey, anything to save a Penny.

Hey HQ, 1800 of you will be laid of next Tuesday. Have a good weekend but go ahead and don't worry about it, but we'll let you work from home. We will even make you work Monday without knowing. And thank you for everyone clapping and cheering for me when my kids told you I make bad Dad jokes. I am just a regular guy.

Why do we find out Tuesday and not tomorrow ?

Just curious here. If you do end up surviving Tuesday, are you seriously considering leaving Target once you have something lined up? I have read several articles that companies usually see large resignations after a mass layoff.

I ain’t never stepping foot in a Target store again! 😂

Walmart here I return 🏃‍♂️💨

Rumor is that security guards are getting laid off at the end of October.

October 28th seems to be the day.

Anyone know how it'll go down?

I work as a support engineer in Business Intelligence and have already been affected by recent layoffs in my team. Currently, there is no growth in our team; it feels saturated.

I received a job offer from a midsize company for a position as a junior tech project manager. However, this position comes with a 20% pay cut and does not involve support work. I'm considering whether I should leave Oracle and take this opportunity, especially since I'm concerned about the possibility of more layoffs. Feedback?

Can someone help me understand how laying off thousands of U.S. team members while backfilling roles with TII is supposed to help Target grow? We’re replacing people who understand our operations and culture with teams that, in many cases, aren’t being given the chance or tools to learn how Target truly works. Are we really strengthening the company by cutting experienced U.S. talent just to hire three offshore roles for the cost of one? I’m struggling to see how this strategy positions Target to become a powerhouse again.

Don’t get me wrong, I understand there’s a lot of corporate bloat. We have plenty of senior managers and above who no one can quite explain what they do, aside from adding meetings to talk about meetings. I get that there’s a need for change. But the acceleration program doesn’t seem to be targeting what actually needs to go away.

Click on the links for other healthcare companies like Elevance, Centene, and Optum and you will see a very similar vibe as to:
1) abusive leadership trying to get employees to quit by using mind games of stress,
2) layoffs,
3) RTO return to office
4) H-1B Visa abuse,
5) Outsourcing,
6) Artificial Intelligence taking over human jobs,
7) Ageism regarding ERP
8) Racial discrimination against own American citizenship as well as those who happen to be caucasian in skin color
9). Etc. etc.

It is almost as though all these CEOs got together and instigated a plan.

General Motors Co. laid off more than 200 salaried employees on Friday, mostly at its Tech Center in Warren, Michigan, according to Bloomberg.

The cuts, announced around 7 a.m. via a Slack message, were attributed to “business conditions” rather than performance, according to people familiar with the meeting.

https://www.zerohedge.com/markets/gm-cuts-200-jobs-michigan-tech-center-days-after-stronger-expected-earnings-report

The days when that made any sense are long gone. Layoffs keep happening, smaller and more targeted, which means it can hit anyone at any time. The chances of Nike returning to its mythical glory, when it was fun to work here and the company was vibrant, flexible, and creative, are very slim. It’s better to stay alert and keep your eyes always open for other opportunities.

i’m losing my mind.

I just don’t have the capacity to worry anymore. I don’t care about the date, I don’t care if I get to keep the job, and I don’t care about the state of the job market. If I work myself up to the point of being a basket case, I won’t be able to handle what’s coming anyway. And it’s not like this has been the best job ever, so losing it wouldn’t exactly be a life-defining tragedy.

If they haven’t been increasing headcount there already to trim here, I speculate they will start backfilling there eventually. I’ve seen it happen at other companies.

Even getting through next week won’t calm me down. We all know there are more cuts coming. And, swear to God, months of job hunting have only made me more depressed. Fingers crossed and good luck to everyone. Whatever happens to each of us, here’s hoping something better waits for us on the other side of this sh-tshow.