Unfortunately the shareholders always demand to be paid infinitely more - that’s the deal when you go public. If Target can’t increase revenue through sales they have to cut costs and the easiest way to do that is through head count. Shareholders come first.
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@a6 Fiddelke is a maga worshipper, his goal will be to transform Target into a Piggly Wiggly.
@cg I’m curious why the buyer role is a joke? And what was the merch transformation in 205? I’m not disagreeing I’m just wondering.
If your “wfh” routine is grabbing Starbucks, walking the dogs at noon, and meeting the kids at the bus stop while bragging about how productive you are, don’t be surprised when your job’s the first one cut to save costs.
BC wants his flowers on his way out. can we all agree merch transformation back in 2015 RUINED the role of buyers. Whoever made that decision should be immediately fired if they are still here. Becoming a target buyer used to be a golden role for anyone at a tier 1 B school, now it’s a joke and an embarrassing job that won’t get you anywhere other than working at a vendor.
@a7 fair point.
@a6 its up 10% since the leaks started happening, this was a very poorly kept secret that layoffs were happening. By the time it was announced, it was already mostly baked in.
And yet Wallstreet didn’t even flinch today, because BC is still around and Michael isn’t the change agent this company needs. I hope I’m wrong.
Cutting costs to please shareholders.