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GT EMEA Layoffs

Regardless of how you think about whether we should have the GT EMEA group or they’re helpful, productive, etc, etc. this isn’t about it.

Yesterday I was taking to a teammate in there, and they told me the GM sent a video where he says they’re targeting to execute the layoffs around early to mid NOVEMBER. That’s almost 8 months after everything started and ~4 months after we had ours.

Can you imagine working that long knowing there’s something coming from across the globe to hit you? How on earth you get motivated to do your job? Your counterparts already moved on, got promoted, fired, lateral moves whatever. And you’re there reading that “EMEA is in a different timeline” sentence in every comms from the company (they told me this line is basically an internal joke over there).

Some people are guessing what’s gonna happen but others already know because they lost their counterparts on other goes, so the writing is in the wall.

I do have a lot of reservations about the EMEA team, but damn, Nike isn’t helping the cause here. Dragging for that long? Unfair is the nicest word I can think of.


Janitors laid off too?

Anyone else who has been required to come in lately notice how nasty the work spaces have gotten? In building 2 the break room is filled with dishes covered in days old food and the fridge smells like mold.

Desks are all strewn with trash and none of the computer peripherals work.

Bathroom smells like a babies diaper.

My college dorm was cleaner than this, anyone have any idea if they laid off the cleaning staff too?


Doom and gloom at JRC.

I love how fake the PGL's are these days. They look at you with a fake blank look on their faces knowing what is about to happen. Everyday when I arrive at work, I have the feeling that it is my last day. Someone in security let out that they have an assignment in a couple weeks at the JRC. Gee, what could that be. Why are layoffs so taboo, what not prepare the employees now, so they can look for a job. Instead of dumping them on the spot without notice.

My challenge to the leadership at JRC, stop hiding behind your tailored suits. Stop giving us your fake smile and hand shake. Go to your employees within your group and tell them what's to come.


First Walgreens, now Target is also being looked at for purchase by Private Equity Firms!!!

Walgreens was just purchased by Sycamore. I just read a news article that says Target is also being looked at by private equity firms as well! Are all retail stores pretty much doomed at this point. Wow.

Factors influencing the buyout speculation:

Potential for an attractive acquisition price: Target's stock has been trading near a six-year low, which could make it an attractive and affordable target for a private equity firm.

Change in CEO: The recent announcement that CEO Brian Cornell would be replaced by company insider Michael Fiddelke is thought to have added to the speculation.

Mixed financial results: Despite reporting "better-than-feared" second-quarter earnings, the company's recent results failed to produce a sufficient recovery in its share price.

Previous buyout rumors: News outlets reported on buyout speculation back in late 2024, following disappointing earnings results.

Mini-tender offer: In September 2025, Target received an unsolicited mini-tender offer from TRC Capital Corp., though this offer was for a small portion of the company and not a full buyout.