Posted on 03/11/2015 6:14:06 AM PDT by TurboZamboni
At Business Inc., Loyalty is a ONE WAY street.
Target wanted to be the next Gay C Penney
They got it
This company deserves it
All they do is sell stuff, nothing worth bailing out
Target was one of the stores that started advertisements using queers, and shoving political money to support the queer agenda.
As the guy from ‘Restaurant Stakeout’ says, ‘the customer is king.’
Target was the one who made the decision, let them, uh, eat it.
“They have meetings to determine the next meetings and “collaboration” has been a big part of the Target culture.”
This is called “group decision making avoidance.” (Also called we can’t make a decision even if it bites us on the a$$.”) I once worked for a company that had this “culture.” After nine years, bleeding it’s parent company it got sold to a foreign entity and everyone lost their job. And now the parent company is no more as well as a direct result of their “funding” of the company for whom I worked. Endless “meetings” are a death knell for a company.
Have you ever been someplace that had deep layoffs like that? Here are the stages:
1) Promises that the company is going to be more efficient, and they realize the remaining staff can't do all the work of the laid-off employees.
2) Reorganization, shuffling the deck chairs in a disruptive way so that no one knows who is responsible for what.
3) The settling of the dust, in which people find they are, in fact, doing the jobs of all the laid off employees.
4) Stress, burnout, low morale. If the general economy is good and people have options, retention suffers. If the economy is bad and people fear not being able to find another job, they stay.
5) Rinse, lather, repeat.
Pandering to every left wing cause possible to try to keep a small but vocal group of soccer mom types coming back has really worked I guess.
In the Era of Baraq, I’d call this being pretty successful:
Fourth quarter comparable sales increased 3.8 percent, reflecting a 3.2 percent increase in comparable transactions. Digital channel sales contributed 0.9 percentage points to comparable sales growth.
Target’s fourth quarter 2014 Adjusted EPS of $1.50 was above the company’s most recent guidance of $1.43 to $1.47 per share.
Target’s full-year comparable sales grew 1.3 percent. Digital channel sales growth of more than 30 percent contributed 0.7 percentage points to 2014 comparable sales growth.
Target paid dividends of $1.2 billion in fiscal 2014, an increase of 19.8 percent above 2013.
Target has already cut thousands - and it might not be done
http://www.twincities.com/business/ci_27706083/target-ceo-distressed-by-layoff-images-dayton-says
I can tell you why banks do it. You need 2 supervisors for every department, no matter how small the staff, because you don’t trust your employees by themselves without a Big Brother to micro-manage every minute of your day. And you over-hire to the point where people are running out of things to do at 11 am, just so people can go on “vacation”, which doesn’t mean taking a 1-week or 2-weeker, but that people are stringing out one day here and one day there so it ends up people who are supposed to be working 40 hours end up with a 4-day work week, so you always “need” (very loose term) extra coverage no matter what day it is. End of rant!
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