Note the ADDED and UPDATED
I received a number of phone calls and email this morning from friends at Target HQ’s saying they had to be in a meeting in 15 minutes and asked if Target was laying off people today.
Yes, today was the day.
That this was coming was not a shock… there was “writing on the wall”:
The layoffs in November ‘13 were lower than some expected
After the November ‘13 layoff there were immediate rumors of a Q1 2014 layoff
Retail sales are down
Seeing that when some folks were leaving their jobs over the past months some were not being filled
Data breach (more on that below)
Canadian expansion not going as expected
The announcement yesterday that part time employees would no longer have health care coverage
I do think there is some pause from my perspective because of the numbers. I was not aware that this many people were going to be impacted.