We could have had 500 in mn and never know.
@Anonymous3412 - what team are you on?
I heard at least 400 more in March, cannot confirm though. They will try to stabilize things and then cut even more.
The first one to announce
Kudos goes to "Anonymous3345 (Marketing), Wednesday 01/22/14 16:03:51 UTC // Sorry guys, afraid the cuts have started. 9:45 folks got notices and now 11:00am meetings scheduled."
More coming?
25% of my team was cut today. Will there be another wave of layoffs coming? February? March? At all?
Severance
Hqs exempt: You essentially remain an employee for 45 days, with company healthcare and pay. After 45 days you have to sign your severance agreement in return for a Taxable severance which is appx. 20% of salary.
@Anonymous3403 - sorry to hear it
BTW, did you guys at HR this was coming (for non HR folks) _ I am assuming you did not know that you will be hit.
HR was hit hard. People who were SVP favorites were saved. Co-workers who had 8+ years and great review scores in the past were let go.
It's unfortunate Target let some of these people go and others stayed. Always a tough thing. The HR group that I know had some amazing 8+ year veterans who were top notch. They even contacted a co-worker who was on vacation in Mexico that they were... — read more
Target India
Guidance: "Please do not reach out to partners in Target India until January 24 as messaging will come from their leaders within the next 24 hours"
Severance Package Information
Can you guys post your severance deal here so we can compare? I'd post but luckily I am still around - I am very much concerned that I will be affected in the next round (March 2014). Thank you!!!
Confirming cuts in Store Design/Engineering
Not even close to 10% though (as reported here before)
PMCOE
I think we are around 6% in cuts here at PMCOE
Deepest cuts in TTS according to Pioneer press
Target cutting 475 jobs worldwide By Tom Webb twebb@pioneerpress.com POSTED: 01/22/2014 12:01:00 AM CST UPDATED: 01/22/2014 01:25:19 PM CST Target Corp. laid off 475 corporate employees Wednesday, as it struggles with disappointing sales, Canadian... — read more
Severance packages
Anyone aware of what the severance packages include?
High Level Details...
475 layoffs today People affected are being told throughout the day, will be escorted out by 3pm 700 open positions will not be filled No hiring freeze but positions will be filled very strategically Official company statement will be made within... — read more
High Level Details...
475 layoffs today People affected are being told throughout the day, will be escorted out by 3pm 700 open positions will not be filled No hiring freeze but positions will be filled very strategically Official company statement will be made within... — read more
TI team members need to stop using this site to complain
This is a layoff informational website. It is not intended for Target TI team members to complain about their management. If you don't like your job, either do something to change the way things are done or leave. Nobody is forcing you to work for... — read more
TTS
Tomorrow its going to be TCOE in TI I heard
Very appreciative of the one or two posts that contained knowledgeable and accurate information.
Wish the rest of you who just pretended to know things could have just STFU.
Reorg in progress
A call today at 11:00 indicated that PMCoE and BTT will be merged , while other elements from BTT will be rolled into solutions or service architecture. More info to come on 24 January.
Layoff Count down started .....
As off now Merch Team about 166 ..167.....................................................................
To TI
The exit checklist i received specifically calls out; "Please do not reach out to partners in Target India until January 24 as messaging will come from their leaders within the next 24 hours." Hope this helps prepare.
Confirmed It's Done..Still On the way
350-400 in HQ (PM'COE and BA's)...More to come...
Only people impacted should be sharing their own names
It wouldn't be appropriate for other team members to share names of people impacted by the layoff. If someone wants to share their name here that would be up to them.