Fears and cheers follow Target's plan to lay off 'several thousand' at headquarters

Pioneer Press ^ | 3-5-15 | tom webb

[TurboZamboni]

Homeless

[EDINVA]

Many years ago I started a new job at a magazine on the very day they let hundreds go, including five (5!) VPs. I honestly don’t think anyone noticed, in terms of productivity. That’s what happens when a company grows: little fiefdoms are built, and generally last well beyond their usefulness. Then someone wakes up...

[TurboZamboni]

I doubt managers are in the union

[DoodleDawg]

Obamacare, Obama economy, Obama hates businesses and has created anti-business laws they are responding to.

Where have you been? Cutting headcount to goose the stock price has been corporate strategy for decades.

[SunkenCiv]

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• New York Church Taking Walmart To Court Over Gun Sales
• Feds say Walmart was biased against lesbians
• OTOH, Clinton's Walmart connection fueling Left's doubts

[A CA Guy]

Now though you cut head count to avoid paying for healthcare also.

[DoodleDawg]

Now though you cut head count to avoid paying for healthcare also.

We're not talking store employees. Headquarters people are likely salaried and had benefits long before Obamacare. They're cutting them for the same reason why corporations have been downsizing for years and years; because it looks good to the analysts, gives the appearance of reducing costs, and it bumps the stock price up. No other reasons than that.