So if the beloved new leader should hold a town hall or come to your store for a visit, here’s the question that needs to be asked: will there be any more layoffs?
If the answer is: I don’t know; that’s your big clue to get out of BBBY.
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The difference between bbb and Target Here is that the only person on the sales floor before his time was in clothing, and electronics. Everyone else was in the back room or front end. Now I walk into their store and I get greeted several times and their store actually looks recovered. We don’t have that unbalance in the stores. We don’t have associates who can’t or don’t work the floor anymore.
As someone posted in another thread, one of our new CEOs great ideas at Target was to slash hours. Jobs are going, positions and departments will be eliminated, and like all short-sighted companies, we’ll shed staff and customers like crazy over the next couple of years until his stock options are vested and he “retires.”
Of course there will be upcoming layoffs be real. Just watch the movements of managers and supervisors between stores as RMs and DMs try to "save" people awhile longer but eventually the new regime will identify them and find a way to eliminate.