I think it should be obvious to all of us by now that our "leaders" don't really have any idea how to fix the mess we're in. Layoffs are always a short term fix to get investors off their backs. No meaningful change will occur until a lot more in upper management are gone. The board should be included in this cut. They are entirely responsible for allowing Gregg to move forward with that brutal Canada plan. But instead they blamed him and sent him packing with 40 million bucks. It's also become obvious to me that leadership doesn't understand how these layoffs dragging out over 2 years is going to effect the workforce. They are counting on the old "feel lucky you have a job" bit. But I think this is going to backfire when it comes to acquiring new talent. Who will want to work where everyone you work with has a target on their back and could be gone the next day. This is not the Target of 10 years ago and it never will be. The place I thought I knew is no more and I think it may be time to move on. I just hope the uppers are sleeping well tonight knowing hat they have played a major part in causing a lot of people a lot of heartache, undeserved stress and hardship.
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Seriously, you think the uppers really give a carp? Of course they are sleeping well it's not their livelihood on the line.
73032 - you think this thread is too harsh on poor Steinie? For reals? What reality are you living in?
Abuttseyeview - this is gold
3 g = GreGG
@Abuttseyeview (IT) - Such a good post, you nailed it here buddy. I am in IT also, and I can bet we'll see a mass exodus of the most talented folks. The job market has picked up quite a bit on the IT side and I am sure many top-talent folks will not be willing to risk layoffs and will pursue other opportunities.
73032 - what does that mean?
Claw back on 3 g' chute
Yup. Lemmings. Most of 'em lemmings.
Agree as well. Yet my boss is all "rah rah rah, the stock price is up!"....dude...you're as much as a target as anyone. Wake the F up!
I totally agree. Holding the BOD accountable has been notably absent from all the "tough truths" dialogue happening. And I'll never quite understand why it makes sense to have the CEO also be the President of the Board. Where do checks and balances come in? I don't think the ill-planned Canuck expansion would have been rolled out if Steinhafel hadn't been selling his own ideas to himself for final approval. Does anyone else see the fault in the logic of THAT structure???