- Joined
- Jul 30, 2013
- Messages
- 11
I'm surprised this hasn't been discussed yet. Target is falling way short of forecast and earnings projections. They have downgraded earning in both the 1st q, and now the 2nd q, causing the stock to drop about 10pts in two weeks.
This has lead to the executives touting that cost need to be cut from the operations. Operations in the u.s are already running on skeleton crews.
Some of the measures already being discussed...
Payroll cuts
Freezing pay increases
Freezing field and support level promotions and hirings
Elimination of certain positions considered non essential
Elimination of bonus programs
Reduction of recognition programs or celebrations
Reduction of social programs
Further reduction of Ap teams
This has lead to the executives touting that cost need to be cut from the operations. Operations in the u.s are already running on skeleton crews.
Some of the measures already being discussed...
Payroll cuts
Freezing pay increases
Freezing field and support level promotions and hirings
Elimination of certain positions considered non essential
Elimination of bonus programs
Reduction of recognition programs or celebrations
Reduction of social programs
Further reduction of Ap teams