One thing is for sure here - executives have handled this “transition” in the worst way possible. What we have here are bouts of rumors lasting many months, disorganized conference call confirming said rumors but still not informing us about what's happening except “Hey let’s cause chaos and make you wait 2 weeks to find out if you are now commuting two hoursaway, lost your job, or thanks for everything and your now a Asm in sh-- hole USA” creating a hostile work environment and stress beyond belief.
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Record profits? Take a look at the WMT income statement over the last 5-10 years. Operating profit is down $5B from its peak ($23B vs. $28B).
to keep making profits sometimes you gotta trim some dead weight. not saying any one person. sometimes its a store or a department or a job type. sometimes the people making the decisions pick the wrong people to lay off. if you were part of the problem become part of the solution. if you were valuable then WM is the real loser here.
There are a lot of people going through agonizing mental pain that manifests into physical symptoms. I hope somebody gets ballsy and sues them for it. There is no reason to put that much stress and burden on their employees unless something really shady was going down.
I say class action.
Yep, they mishandled this 1000%. I went through similar BS with overnight elimination at NHMs but that was handled fairly better. They told store managers all the details who passed it on to all the ASMs the next day, then that night the SM read the script to the whole overnight team.
It took a week before we had to interview for our jobs and they let us know the next day, at which point we had like a couple months to find another ASM position, step down, or get fired and take a severance. It was really quick, this co-mgr elimination must be agonizing with how long they have stretched it out, and it seems a lot worse.
We only lost one ASM per store while some stores were already short so pretty much everyone who wasn't awful at their job was able to transfer.
The worst part about it is it isn't even necessary, Walmart is making record profits and just got a huge tax break, they could have just stopped hiring people to co-mgr and gradually lost them through attrition as opposed to a mass layoff.