#layoffs

Posts mentioning hashtag #layoffs

Below are all the posts — topics as well as replies — that mention the hashtag #layoffs.

Mention #layoffs in your post to continue the discussion!

Pssst. In case you didn’t know about the 100 Million

Reading posts for far too long without contributing aside from a thumbs up or down.
All the bit$hing about layoffs and RTO can be summarized and understood by understanding the un mutable living fact. Which is, 100 MILLION of us will be displaced by AI by 2030.
Fact, not fiction. There will be civil unrest. There will be difficult times. This vast wasteland called T is the least of our worries, Look to your right and to your left. I promise you those employees will be unemployed.


Encouragement

I know there are a lot of people at target who have worked there many years, and perhaps even their whole career since college.

I don’t know how I’ll be impacted next week but I am new enough to target to know this sh-t happens and it su-ks for a while and can be tough to find your footing. But, there really is good stuff waiting for you outside of the company. I know there is for me if I am part of the group that goes.

I left a really good, fulfilling job when I was recruited to target and I’ve just been kind of observing things crumble around me since I joined 2.5 years ago at a fairly consistent clip basically since day one. That’s been hard and disillusioning.

And, it’s hard not to get caught up thinking catastrophically. For me, it’s easy to spiral over the shitstorm of this administration and the utter callousness of our national leadership. It makes me worry about the economy and the fact that people are not okay right now. It’s easy to spiral over what AI means for the future of work and the fact that CEOs and rich fu--s the world over will stop at nothing to disrupt people’s lives in the name of profit.

I try to remember that the pendulum will swing back on politics. It’ll be painful in the meantime but it’ll shift. And the future of work will look differently. I’m not sure what that will mean for me or my future children or grandchildren. But I try to remain hopeful when reminded that recent human history has gone through a number of these sea-changes, and we persist.

Target is a company that makes money from making a bunch of sh-t we don’t even need. It’s good to have a job and we don’t deserve this. I’m glad I have a job at Target, but a job is a job, and there is truly more to life and other ways to make a livelihood.

Don’t let Target’s bullsh-t and the fact that a bunch of overpaid, unseasoned, remarkably average corporate losers made a consistent series of poor decisions over multiple quarters define you or your worth.


SVP, VPs, & Sr. Directors

Unfortunately those impacted will likely be the team members who actually do the work. As a former Target HQ employee of more than a decade, I can tell you to look at SVPs, VPs, and Sr Directors who have no investment in the team in Minneapolis and no interest in returning to the office despite what they expect of their working teams. They are where the culture and the ROI breaks down but it will likely be the doers that pay the price for their leaders lack of clear strategy, general disrespect for the Target team, and disconnect from the Target consumer. Tip for Target, clean house at your leader level and watch your working teams thrive again.


Are Remote L5s a target?

I see a lot of talk about L6’s and up being the target of the layoffs, but I’m wondering if this is a chance to eliminate the remote team members, especially since the RTO mandates which is increasing in person workload for our in-office team members. Remote TMs also have no growth trajectory and most jobs posted are in-office required. Anyone have info?


Carcass of a Legacy Titan

After watching our numbers rolling in for Q3, the “WTF” exit survey, impending lay offs, and somber mood in my region, I can’t continue to sit here and smile like an id--t. Folks, we’re sitting in a rotten carcass being picked stripped off any value left before being thrown into the incinerator. Hertz is done. Don’t wait to get your notice. Time to get off our chairs and get employment where the business is actually bringing customers and profits.


Cisco AI is a dud - layoffs incoming

ain't nobody buying AI podz, AI Canvas, AI defence, AI Webex

ai canvas is a year too late and full of nasty (soul crushing) security flaws and bugs
ai podz are crazy expensive for a rack server + gpu
ai defence is yet another promising acquisition crushed under the fatty folds of cisco bureaucracy

and who the heck uses webex?


Remember the $20Bn buybacks?

The stock buyback plan seems to be working in reverse. Instead of creating shareholder value or paying down debt, billions have been poured into buybacks with nothing to show for it. The stock is sliding, the debt remains sky-high, and the company continues to cut jobs and force 5-day RTO as if that’s the solution.

It’s the same story we’ve seen time and again — billions wasted on DirecTV, Time Warner, Mexico, and now buybacks that do the exact opposite of what they were supposed to. Employees are the ones who pay the price while leadership keeps pretending this is all part of a “long-term strategy.”

How many more bad bets do we have to live through before someone is held accountable?


Don’t worry about layoffs, Cornell will still get paid

Here’s a summary of total annual compensation for Brian Cornell in his role as CEO of Target Corporation (since his start in August 2014) as available via proxy/SEC filings and media reporting:

Fiscal year Approximate total compensation
2015 ~$16.9 m (reported for 2015) 
2016 ~$11.3 m 
2018 ~$22.6 m 
2020 ~$19.8 m 
2023 ~$19.2 m 
2024 ~$20.4 m