Thread regarding Target Corp. layoffs

@bn I love your optimism and do not mean this in a rude way but I think right now letting people speculate on what may happen and having them be prepared could be better than false hope. I’d be careful throwing around percentages of the likelihood of each scenario if they aren’t based on anything. The percentage I’d give for the likelihood of a mass layoff next Tuesday is much different than yours.

@bk warm cookie Wednesday is being moved to warm cookie Friday, effective 10/28

@bk there will be no pe buyout

@bn I appreciate the attempt at objectivity, and gave you an upvote, but unless you sit close to the top, your guess is as good as anyone else’s. The percentages you mention are really just your guesses.

Your guesses might be right, but where there’s smoke, there’s usually fire.

Let’s look at this objectively:

1. Given the mix of signals: yes, there is a non‐trivial chance something will happen (at least in some business units).
2. No, the rumor of an across-the-board, massive layoff next Tuesday is not firmly substantiated. It’s best treated as a possibility being promoted by this contributors who are scared or repeating rumors, not a certainty.
3. So if we were to assign rough probabilities (just an estimate):
   A. Some layoffs in certain units in the near term: ~60-70%
   B. A broad, company-wide massive layoff next Tuesday: maybe ~30-40% or less
   C. The status quo (no major layoffs) is still plausible: ~20-30%

Target has been doing smaller, quiet moves all year. There isn’t a need nor desire to do something so massive that it further erodes consumer confidence, invites more scrutiny from additional boycotts, and possibly drives away top talent while paralyzing those who stay. More likely it will be continued, surgical cuts while bolstering/hiring for areas that leadership believes will drive positive change for shareholders.

I know it’s tough not to panic, but take a breath. You have zero control over what happens to you and your peers, unfortunately.

@bk So what is it?

There is an announcement next week, but it’s not layoffs….

Is the 23rd not on anyone’s bingo card?

@ar they were experiencing a natural regression to pre Covid levels, after the pride and dei fiasco it went far beyond that. Layoffs will only make the public image worse.

We were losing share and running negative comps before the DEI change, and before the pride month fiasco.

@ad , Target’s woes are less about tariffs and more about going against their core guests with their obnoxious decision to eliminate DEI. Worst decision Target ever made. Next to Canada?? 🇨🇦

@ae hopefully…

@aa was all this anxiety diarrhea for nothing?

@aa everyone says it’s happening. It’s confusing because there is total silence about it. They are still hiring(which is really confusing). Tariffs might go down if they reach a new trade deal. But everyone says it’s gonna happen. If it wasn’t someone would have said so by now, you know Target has people paying attention to these forums.

Is the layoffs really happening or are we all just playing the guessing game

Doubt it’ll be tomorrow due to demo day, so next week is looking likely.