The stock is still struggling, most stores still negative comping, borrowed $1b and morale is at an all time low. Just smh! Was it just a PR campaign or what?
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Anytime heads of companies say that they're 'cutting costs', labor and benefits are always examined first. Unless it's WFM, then it's only examined after panic settles in, and then it's the lowest paid TMs first. Makes no sense.
Someone mentioned more cuts happening later this year, this is the second time I hear about this. The first time was someone at my store that would have this kind of information at hand. Does anybody have more information on this?
Nothing will work until they cut the people responsible for the ongoing clusterfkcuf: MANAGEMENT! All the executives at global and regional and all their equally unqualified numbskull friends...and then fire the board for continuing to retain the current leadership. Nothing will change until there is a full housecleaning at the very top.
Really? Saving some cash on labor is not going to turn around finances for an entire company in 8 months. Hence the further cuts happening later this year.
Of course it was. In the end, loyalty, hard work, flexibility, adaptability, and love for the company wasn't reciprocated. It was a business decision like all of their business decisions: knee jerk. " Let's see how this works out". I don't think their outside consultants really did a good job in their recommendations. So let's see who is next.