Even if many of us don't get the ax next week doesn't mean we don't get caught up in the next wave. It's a pins and needles effect and it feels like we are holding our breath for the next time. How can you live like that? Do you buy that car that you need or take that trip or some other expense because you never know if it's next week or month or 6 months from now etc...
It's a shitty place to be in, the not knowing when.
Response to 75077. Having witnessed the ugly underbelly of Target's review and people evaluation process the information provided is a cautionary note to team members who are spared layoff but left in the balance following. You are correct that Target's review and people evaluation process is metric centric.
Anonymous75057: your explanation marks you as an asshole. No regard for anything but measurable metrics. Asshole.
Brian and team seriously need to clarify this part. I don't think this is too much to ask. There are so many people that understood his msg in the investor call that the layoffs will span over two years. If not, we are going to loose some amazingly talented people very soon.
I would assume that some of the reduction in workforce will also come by not backfilling when someone leaves the company, post layoffs. For those who are left you should begin to know by midyear reviews if you are considered a valued team member/employee. If your midyear review begins to tick you down on the 'expectations' meter and your list of developmental opportunties are items that seem to have no specifics in order to make improvment or overcome them, then you can assume they want you gone. The process has then begun to grind you down until you leave, thus they don't have to pay severance, etc. Watch for any signs, post layoffs, that you may not be viewed in the same light as before. These are indicators that it is time to look for new employment before they grind down your self-worth and dignity.
There aren't two years of layoffs: it's a two year period of amassing savings and instituting new processes, in order to save two billion dollars. One of those savings measures is payroll reductions, which will occur primarily this spring.