Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

annm4peace

(6,119 posts)
Thu Jan 23, 2014, 02:03 AM Jan 2014

Target lays off over 400 workers at headquarters, Target CEO gets a big fat bonus




The news today of layoffs at Target headquarters in Minneapolis is a clear example of our broken system. CEO pay goes up while workers lose their jobs to outsourcing or rich corporations expanding their use of sub-contracting (i.e the same jobs with less pay and benefits).
10 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Target lays off over 400 workers at headquarters, Target CEO gets a big fat bonus (Original Post) annm4peace Jan 2014 OP
CEO = a new class of criminal. Initech Jan 2014 #1
Maybe this could be printed off on card stock and annm4peace Jan 2014 #2
Fuck him. progressoid Jan 2014 #3
Thanks Smiley "F"er Gregg Steinhafel! democratisphere Jan 2014 #4
Crap. Target is going the way of Walmart where the company is just a greedy operation to make a few gtar100 Jan 2014 #5
And produce people on Welfare and Medicaid for the rest of us to pay for. Frustratedlady Jan 2014 #8
Kick. Scuba Jan 2014 #6
They cut 150 in Oct and are also leaving over 700 open positions unfilled. PeaceNikki Jan 2014 #7
can this be reframe in terms of cyber-security? Bad Thoughts Jan 2014 #9
They are probably outsourcing cyber-security to Prince Alyusi Islassis B Calm Jan 2014 #10

annm4peace

(6,119 posts)
2. Maybe this could be printed off on card stock and
Thu Jan 23, 2014, 02:43 AM
Jan 2014

make into postcards to send to the Board of Directors of Target. Mine will say I am boycotting Target. They can 1st reduce the CEO's compensation instead of laying off more workers.

http://investors.target.com/phoenix.zhtml?c=65828&p=irol-govBoard

democratisphere

(17,235 posts)
4. Thanks Smiley "F"er Gregg Steinhafel!
Thu Jan 23, 2014, 03:06 AM
Jan 2014

I won't be wasting my gas and spending my $$$$ at Target anymore!! Target SCREWS UP with their customers on a colossal scale with identity theft and this CEO jackass gets rewarded??? What an absolutely "F"ed up nation! I NEVER wonder why we are going down the tubes.....

gtar100

(4,192 posts)
5. Crap. Target is going the way of Walmart where the company is just a greedy operation to make a few
Thu Jan 23, 2014, 04:52 AM
Jan 2014

people rich, keep the workers poor, and consumers like cattle. One more place to not shop at. Just disgusting how these executives feel justified in stealing our livelihoods and abusing workers overseas.

Frustratedlady

(16,254 posts)
8. And produce people on Welfare and Medicaid for the rest of us to pay for.
Thu Jan 23, 2014, 08:49 AM
Jan 2014

Just imagine how much money they save by paying low enough wages and keeping hours to the minimum so they don't have to pay insurance.

PeaceNikki

(27,985 posts)
7. They cut 150 in Oct and are also leaving over 700 open positions unfilled.
Thu Jan 23, 2014, 08:41 AM
Jan 2014

Also notable that the biggest hits were in technology services.

Given the data breach, I'd like to know more about that.

Bad Thoughts

(2,524 posts)
9. can this be reframe in terms of cyber-security?
Thu Jan 23, 2014, 09:10 AM
Jan 2014

Certainly some of the lay offs meant that the attention of employees was diverted toward shifting jobs out of country.

Latest Discussions»General Discussion»Target lays off over 400 ...