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.
11 replies (most recent on top)
Hey jack nuts, you copied my post from the other day and reposted it without citation. Bush league!
THIS.
No one is working - everyone is just gossiping all day long. Those who don't get cut will take the extra time to beef up their resumes and get out. Why would anyone want to work in limbo for the next two years, not knowing if they have a job or not? Job security is a major factor in employee satisfaction, and anyone who can get hired somewhere else is going to go.
Target will be left with the bottom of the barrel to "rebuild." Good luck with that.
Best Buy is rebounding
dang autofill..I meant data BREACH
dang autofill..I meant data BREACH
to 77592, correct, Wall Street is smiling but let's see how that plays out in a year or two as tenured, talented people leave and there is no morale or culture. Those kind of companies are a dime a dozen but if the employees are unhappy, it will ultimately cause a lot more damage than the data reach. Just my two cents.
One of the reasons this is not the Target of 10 years ago is that the company has gotten so bloated and bureaucratic. Departments are 3-4x the size of their benchmarks in other companies. Brutal as these layoffs are, they're designed to get the company back to a size where it can be more effective.
It's not only going to make Target an unattractive place to work (as if the Brooklyn Park location wasn't doing that on its own already). People were already jumping ship faster than normal. You have to think that will accelerate now.
Target is in a "mess?" Wall Street doesn't seem to think so.
One of the most authentic and true posts I've seen so far!
Gold