Not the first time for us, they will hit marketing again, I am sure - IT is always the target, Wal-Mart and layoffs, the story of my life. 11 years with the company and you are never safe. You never feel safe and things come from all different kinds of directions. I thought we might be doing really well lately, but suddenly this is cuts now and it's all over the news. How about cutting a little bit of salaries at the top for Wal-Mart executives, they can benefit from layoffs too
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The layoffs are real. What I don't understand is how they can layoff someone who had more than 30 years in. I do have a question or two.
My father was just laid off hours ago. He was a buyer (can't Remember actual title) making just over 100k/year. Which I assume is big reason for his layoff. My questions....
What happens to his retirement and stocks? He was due to retire within the next 5 years I believe. And he has contributed a set amount of each paycheck to the stocks (not sire exactly how it works) practically his whole life. Anyone that can shed some light. It is actuallyy step dad. I am.very worried for my mother who has a good paying job but I think had gotten use to a very comfortable lifestyl . Let me just say before any replies come bk about what a crybaby...they can join the rest of us poor folk.......anyway, they have both worked very hard to get where they were and deserved the extra income. My mom finished her masters just a few years ago (past the age of 50) to obtain the job she has now.
Anyone, would be big relief if the answer was they have no worries with all of his time in he will have plenty to cash out......
.but I would like to know the truth and how it all works
No layoffs, you have people who spread lies on purpose
This is just a start, most retailers are laying off folks. Look at what happened at Whole Foods #wholefoods lately and also to Target #target