Gregg left the company in a tough place. Cornell has been through this rodeo before when Sam's Club got rid of 11,200 jobs in 2010. Look back to gain some insights on how this may go down.
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http://m.bizjournals.com/twincities/news/2015/03/05/target-layoffs-ceo-brian-cornell-samsclub-2010-wmt.html?r=full
I couldn't agree more. Cornell is just trying to keep this ship afloat. Steinie was the one to run it into an iceberg.