EVP and chief human resources officer, Jodeen A. Kozlak, dumped 49,889 shares (63.35% of her stake) for $4,140,787, through one transaction dated July 1. After this sale, Ms. Kozlak’s stake comprises of 28,859 shares, valued at $2,393,277, as of... — read more
SVP IS&O and VP Infrastructure are Gone
A couple of Senior TTS leaders who were brought in with The Home Depot crowd last year with "Bob" are gone. I suppose that's not unexpected with the new CIO. However, this roller coast TTS has been riding for a year & a half is hurting Target.
Grocery and PFresh on the butcher block? Pun intended
An earlier post claimed that Grocery would be the next business to be sold. Target should begin downsizing the size of the stores vs selling off the crap inside. Physically, grocery and P-fresh are serious square footage on an already underperforming... — read more
Corporate America practices hypergamy.
Corporate America practices hypergamy like dating in America. It's always looking for: Cheaper. Faster. Younger. Everyone's looking to "trades" up. In general, a majority of men likes young nubile women and the majority of women chase 14% of men, 6... — read more
Rumor: Target shopping privatization with top private equity firms
I've recently heard a rumor that the reason Target brought on Brian as CEO was to put them in a position to sell to a private equity firm. The selling off of these various businesses to drive up the stock price is to make this a more attractive and... — read more
BTS, chirp, chirp..
So it's been 3 weeks since Jodee sent her email about the lousy best team survey results (plus she threw up for a week after seeing them and reading the comments, probably 2 bottles of wine needed ). So 4 weeks later and not a word from any... — read more
Kathee Tesija's Departure
Kathy is a great general merchandiser and Brian knows grocery. But Brian's strategic future bets are being placed in the grocery business, which is not in Kathy's sweet spot of past successes. With the freeing up of an EVP spot, Brian will fill it... — read more
Why do any of you still work for Target
As someone who got out earlier this year. Wondering why more have not left
More layoffs coming
Its coming to merch..volunteers this time
Change & Transformation.....what/when/how?
Can any one tell me when will we get to know this change which every leader has been talking about? What exactly is this change and transformation? By when will it happen? Any ETA? I know all leaders come to this site (for fear of their jobs), can... — read more
BI KMG Saved their ass....
I have been chopped off this june and can very well say that KMG played a lot of role in this lay off. BI engineering + EBI is left with some brainless leader. I have reported to a senior manager whom I think he was no good in anything that I do. I... — read more
Cost saving measures...
In some ways I hate saying this but, seriously, does it seem backwards to have an entire Community Relations pyramid (or whatever it's called these days) that gives $$ away when the company is slashing jobs in an effort to save $$? Or is that just... — read more
Macnamara compares the TTS financial picture to Greece debt crisis...
And that was in his first day introductory email to TTS team members!!! What is he going to slash, and how quickly? We've already been told 30 percent reduction in expense for 2015 - what areas are gonna get destroyed by Macnamara, Bain and Cornell?
Unemployment Rate Calculations.
I've just learned something NEW this past week, did you guys know that Uncle Sam don't count unemployed people that has run out of unemployment benefits as part of the unemployment rate? So, even if these people are still unemployed with no benefits... — read more
Future layoff info? Anyone?
So has every pyramid been touched at this point? Perhaps "round one" is complete and next come the more "surgical" layoffs that are decided by leadership and less by Bain...Anyone know if that's usually how these things progress?
Hello from Stores
So... sounds like HQ is has been hectic. Let me just say stores aren't any better. First myTime is a terrible terrible invention. You all talk about accountability but if Stores Financials is taking days to get back to us with responses because we... — read more
Why the cynicism?
I'm not a troll (which I know is often the first sign of waving a flag that screams 'Look at me, I'm a troll!'). For those here that have worked at Target for a number of years, what was (or is) the tipping point for why you feel cynical, ambivalent... — read more
News flash - from HQ
Tomorrow is Saturday and no layoffs are expected. I guess that is great!
Transformation=Merger
Layoffs will continue. BC is teeing up Target Corp for a sale or merger of the entire core business. First, he sells off all ancillary business operations (TCI, Pharmacy, Target Ticket, Target Bank), and underperforming areas (Target Canada) to... — read more
Will there be an actual transformation?
I'm asking those that are left, or who left later, is there actually going to be any change? Is it just shit? Is leadership actually starting to look at performance, skills, and intelligence instead of status cadence? I worry about my friends who are... — read more
Is this the beginning of a Senior Mgmt Purge, or a single event?
It isn't unusual for new leaders to clean house of the old guard and then fill those spots with people who will be beholden to them or who are cronies from their past. I wonder if BC has someone in mind already. And if there are other pyramid heads... — read more
We eat our own (yum)......who should be next?
Now that the upper ranks (Kathee T)) are joining us in the transformation fun, aside from Jodee and Tina, who else should join the celebrations? Haven't seen anyone touched from Target Properties/Store Design since Griff "pursued other interests"... — read more
Fly on wall
Would have loved to heard those intimate discussions KT and BC had over the last several months about merchandising. You are going to get fired, you are going to get fired, you are going to get fired, you are fired......been administered to thousands... — read more
Some fools who need to be kicked out
Team members are being laid off and some useless fools are worried about fun activities... ahahah.. ignorance and immaturity at its best..they do nothing but hang around with women from other processes and kill time in cafeteria or smoking zones just... — read more
FINALLY!
It's great to see Brian FINALLY figured out that Tesija is the weakest link. She was responsible for terrible merchandise and terrible out of stocks under Gregg. Surprisingly, she has somehow still survived almost a year under Brian while still... — read more
THE Layoff
Kathy T done.....
No one is immune....
Goodbye to Kathee! http://www.startribune.com/tesija-leaves-as-target-s-top-merchandiser/309793651/
Benchmarking HQ employees vs other companies
Costco = 5,500 HQ employees Home Depot = 4,000 employees Walmart = 14,000 employees Amazon = 25,000 Target = 12,000
NEW Re-org / Layoffs to come !!
The timing is not final .... but I heard before labor day. Consolidation of various office buildings will be announced too - layoffs minimal.
More direct reports = more power?
I have always wondered why is it that some people in leadership positions just want to have more and more people in their reporting structure. Does that make them important? More secure of themselves? "Kingdom builders" is what I heard they are... — read more
Let's keep this on topic: Anything about Layoffs at Target - When, Area's, Positions etc.
Can we all please agree to respond to and post only about layoffs at Target. The off topic rants and baiting posts are driving away those that might have information that can help, If we all agree to ignore anything off topic it should clear up some... — read more
Steinhaffel's Stock Price Goal $100 by 2017? At $85, It's In the cross-hairs !!
Who gets the last laugh? We all applauded when Gregg beat the proxy fight and then set the goal for $100 by 2017. All the team members were on-board as if they could 'just sit back and collect'. Complacency lead to a failure. I applaud the new... — read more
Next round
Excited for the next round....how long will we have to wait?
The Target of today.
See the market value of every major retail chain (maybe except Costco and Walmart)? Kmart, Sears, Target, Best Buy, they all are penny-pincher businesses and the market value will never be as the one of companies that produce really valuable stuff... — read more
thebreakroom.org
we in the stores would love to know what's up with corp... thebreakroom.org is our message board not affiliated with Target in anyway and is anonymous. any news to share? i'm just a member but come register and share information... we would love any... — read more
If I hear @ Awesome or @ Development Ops or Agile one more time, I'm going to puke.
If you have to keep saying it for the 1000th time you don't have it embraced. Let's just get stuff done and dispense with the wasted marketing effort. Based on posts on inside tgt 5 or 6 people are ripe for next round of layoff.