Target is facing a perfect storm of challenges that are leaving staff on edge. The retailer’s latest quarterly earnings revealed a 2.8% drop in sales, far below Wall Street’s expectations. This has sparked widespread anxiety among employees, with many taking to online message boards to express their concerns about job security and store closures.
Several workers have posted videos showcasing overflowing backrooms, alleging understaffing is leaving them overwhelmed. Others claim that the company is cutting hours and potentially closing stores due to low sales. The situation has become so dire that one employee described feeling “cooked” by the prospect of losing their job.
Retail expert Neil Saunders attributes Target’s struggles to a combination of factors, including declining foot traffic and reduced spending among shoppers. He notes that the company’s profit margins are squeezed, making it more cautious with hiring and labor hours.
Target’s CEO Brian Cornell has acknowledged the challenges, stating that the company is taking steps to drive traffic back into stores and navigate the “period of volatility.” However, some staff members have expressed concerns about the company’s communication, citing poor management decisions.
The retailer is also facing criticism from both right- and left-leaning shoppers over its diversity and inclusion efforts. Additionally, the brand has started quietly increasing prices on products made in other countries, which may exacerbate consumer concerns about inflation.
As Target navigates these challenges, employees are left wondering what the future holds for their jobs and the company’s overall success.
Source: https://www.dailymail.co.uk/yourmoney/article-14739941/target-job-losses-sales-decline-2025.html