One should always try to think positively, but for now I don't see what can save this ship from sinking. I heard some colleagues think that it is very possible that this company soon will not even exist. I don't believe that, but I'm still interested in how far we are from the rock bottom?
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Last time this happened, around 2014, their game plan was to cut entire TEAMS from HQ and Distribution. positions no longer relevant, they said. And within the last 5 years, all that irrelevant work was brought back, under new titles. There are now 5-6 in these new roles doing the same exact same workload that 2-3 were doing before those teams were cut. They took experienced, and replaced those jobs with inexperienced, less tenured people. So even at the lower pay scales, they now have almost double the headcount for the exact same workload. NOT GOOD BUSINESS SENSE. So within the next couple of years, be on the lookout for another huge round of layoffs due to restructuring. And it will hit distribution first, as those buildings are entirely expense with no revenue generated. And this time, it will be much much worse than 2014.
Every retailer on this site according to posters in going under.
Some of the people leaving had five years experience the company.
PR might be important but it Might be good to not call them mediocre, it doesn’t really paint a good picture for the company. Shows that the company screwed over people even after they leave.
Given that target is a tier three company, the external talent probably isn’t that great. Or if it is it needs to do better job market research to prevent getting low balled.
It feels tgt spends a lot on PR.
Somehow the Gods of NYSE don't seem to be liking TGT as much as her counterparts.
Inside picture is bleak, better to stay away from these rascals.
The company is not worth wasting time. Whether it sticks around or whether Ty hey sink rock bottom, I would suggest to find something more relevant.
The external signals might not be alarming, but the internal signals are quite shocking. The attrition rates synced even before the pandemic have been pretty high and with the advent of the pandemic they have skyrocketed. No one Wants to waste their life in this company.
The external indicators typically fills the internal indicators, when no one is left to work, the deliverables starts getting shittier and that state can’t be sustained for long without a strong effect on the external indicators.
By the way the stock has reduced way more drastically for TGT than its competitors.
the stock is double the highest level of 2014
You should start believing it. The company is seeing attrition rates it has never seen before. The stocks are back to the same level as 2014. The inflation is eating up profit margins. The market is going into a deep recession. If you don’t see it, give it a couple more months.