No shakeup at the top comes without those of us on the bottom paying the price. I’m not sure if it will happen before or after the official transition, but we’ll be seeing major layoffs as a result.
12 replies (most recent on top)
@bq why would any company do a mass layoff of their lowest paid staff that represent their future talent pool? Employees with tenure and bloated salaries, like directors and sr directors, who have been with Target their whole lives and don’t know anything but yet are making $200k and spending their days gumming up the work will go.
There have been rumors of remote workers being asked to either relocate, voluntarily resign, or be terminated if they don't move within a certain amount of time. I'm not sure what groups specifically, or how it works when some people have formal remote work agreements and others don't.
@qd I wonder if that will mean making remote workers move to MN? I know of quite a few people in PDD who are working remote (design/tech mostly) and makes me wonder if they will be asked to move. Product development is a very physical/tangible process as it is.
They will probably announce target corp employees need to RTO 5 days a week once the transition occurs.
@ex based upon what?
A fall from grace that will be in history books. Being boycotted by both political parties stems from a string of poor, self-inflicted decisions over the past two years. The choice to appoint a CEO from within will result in keeping the company trapped in its own echo chamber. The writing is on the wall, prepare your exit strategy now.
Cornell's best move was shutting down Target Canada. His second best move (from the shareholder view) will be cutting 10-20% of the corp staff before he leaves.
It’s in the works. L6 and below jobs will end up in Target India.
With the recent RTO ultimatums across all levels, it’s hard not to assume that mandatory 5-day in-office weeks will follow Target Together. Ironic that leadership secured the young Red Lobster CEO as a guest speaker given he’s known for bold, unconventional marketing moves. What he represents is the exact antithesis of this leadership team’s approach.
Layoffs are probable, for those L6 and below. Basically the entire C-Suite posted on socials yesterday about how excited they are about Mike. They wouldn't do that if they were worried about their own jobs.
@a4 This is 100% correct. Never, ever have loyalty to a company. Always do what is best for you and your immediate family.
If anything I learned over my lifetime in my career is that one should never be loyal to their company and only stay there a few years and keep 1 foot in and 1 foot out and your resume circulating because all this love and belonging is just a bunch of bullsh-t. When they want to get rid of you, they will; even if you’ve been there for a long time and worked your a-s off, including weekends to meet their tight unrealistic deadlines.