Thread regarding Target Corp. layoffs

Target's Weekend of Cruelty: Incoming CEO Commits First Unforced Error

“Making employees stew over the weekend is an unforced error by incoming CEO Michael Fiddelke. Forcing employees to spend five days in agonizing uncertainty is inexcusably cruel. This first major decision by Fiddelke is a case study in corporate tone-deafness.

Under current CEO Brian ‘Brand Ki-ler’ Cornell, Target's inexplicable pandering to the Trump regime—including the rollback of Target's exemplary diversity, equity, and inclusion (DEI) initiatives last January—has already sent TGT stock plummeting 33%, wiping out over $20 billion in shareholder value by mid-September.

Fiddelke, Cornell's hand-picked successor, has immediately embraced the same cluelessness that further damages the Target brand. The effort to secure $600 million by eliminating 1,800 jobs is cutting off your nose to spite your face.

Executing these cuts in such an unnecessarily cruel manner does absolutely nothing to dig the Target Brand out of the hole Brian Cornell put it in. It also does nothing to revitalize and cultivate the cultural and creative energy that is essential for long-term growth.”

Bob M. via LinkedIn


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| 5072 views | | 12 replies (last October 27) | Reply
Post ID: @OP+1k8f4p435

12 replies (most recent on top)

@a9 lmao imagine being so bankrupt as a human soul that you jump on a layoffs board to gloat about people losing their jobs. karma's a bi--h.

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Post ID: @j1+1k8f4p435

@cf it's so bad can't help but wonder if it's intentional. keeping cornell as Board chair is certainly a choice. it's as if they want to tank the company in order to get acquired so they can all make even more money. it's hard to see this longtime mn company get done like this

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Post ID: @j0+1k8f4p435

Well obviously some in the know employee leaked things to a reporter, and the reporter called Target last week to say they were running their story. Target could not get them to delay so they had to scramble to tell employees quickly, but the employees receive notice moments before the story breaks online.

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Post ID: @ed+1k8f4p435

This is pretty much how it happened in 2015 as well. It would be much worse if this hit the news and the company said nothing. It was already on social media. Then you’d be complaining about the silence. I appreciate being able to process whatever outcome in the privacy of my home and having a heads up so that I can get myself organized in advance. There’s no ideal version of this and nothing that would magically make this better. If you want to get worked up about something, focus on the things that got us here in the first place. And it’s not swimsuits.

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Post ID: @da+1k8f4p435

Target took hits from both sides of the aisle by pandering to woke with the tuck swimsuits near children areas as well as then limiting the pride presence.
They should have stuck to their business. Instead they've upset both sides. Stop pandering to either side.

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Post ID: @d8+1k8f4p435

If this is how the C-Suite strategized these cuts being announced and implemented, Target is doomed. What awful, incompetent, heartless leadership.

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Post ID: @cf+1k8f4p435

No they announced this way because it hit the news cycle Thursday, won’t make any news thru the weekend or next week except maybe local Minnesota news and there won’t be any photos of people carrying boxes. It’s all about getting in and out of the media quickly. All companies do it. Lots of companies announce layoffs like this and you see it once in headlines and then not again when the layoffs actually happen. Pretty standard approach.

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Post ID: @c2+1k8f4p435

@a9 You stopped shopping at Target for something that didn’t even happen you ja----s.

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Post ID: @ah+1k8f4p435

@a9 My heart sincerely hurts for you. If the first thing you think of during a difficult time like this is that you should come here and make rude, insensitive comments to people you don’t even know, then you must be hurting yourself. I am sorry for whatever you’ve gone through in your life to make you so bitter. I’ll pray for you.

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Post ID: @aa+1k8f4p435

Former lurking Target customer here. It warms my heart to see that our collective refusal to shop at your stores after pride month 2024 (tuck bathing suits, anyone) is paying off with layoffs. Enjoy it. You earned it :)

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Post ID: @a9+1k8f4p435

@a4 Yes I'm thinking it's because information leaked as well. There were posts rumoring the layoffs around the 1st or 2nd week of October on here. Whispers of the 20th then the 28th.

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Post ID: @a8+1k8f4p435

It’s quite interesting that they did it this way! Wonder if information leaked and they had to do it as damage control! Wonder how it changes plans for Tuesday! Sure someone will sue!

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Post ID: @a4+1k8f4p435

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