US retailer Target announced 1,800 cuts to corporate jobs on Friday, the latest attack in the ongoing war on jobs in the United States and internationally.
The company justified the move as a necessary response to a longstanding decline in sales and share values relative to Walmart and other major competitors. “Is this our Kmart/Sears moment?” asked one worker on The Layoff message board, referring to the collapse of the two retail companies.
it’s not a factory, but we just got treated like disposable parts. That “professional” label means nothing against “at-will” employment, which is just a nice way of saying “you can be fired at any time for any reason” … We’re not “headcount” to be cut; we’re the people who build the company, and it’s time we had the power to prove it.
The Target layoffs follow a series of major job cuts in the auto industry, driven by disappointing sales of electric vehicles. General Motors announced 200 layoffs in its design engineering division, while EV startup Rivian is laying off 600 people. Workers are also reporting that Ford is going to close its Rouge Electric Vehicle Center and suspend production of the electric F-150 Lightning. A fire last month in a New York City plant supplying aluminum to the company is expected to cost Ford up to $2 billion.
1,400, or 4 percent of the workforce, at chip equipment maker Applied Materials;
600 at the risk division of Meta, the parent company of Facebook, which cited as the cause of the cuts “significant progress in how we approach risk management and compliance;”
200 at Texas Instruments, as the company closes a fabrication line in Dallas;
hundreds of layoffs at major universities across the US. According to Forbes, the causes include “slumps in enrollment, fallout from the various federal cutbacks orchestrated by the Trump administration and rising costs from inflation.”
153 positions at Montclair Public Schools, one of countless districts across America facing a funding crisis worsened by the cutoff of public funds, first under Biden and now Trump.
The wave of layoffs expresses a massive war on the working class, with a redistribution of wealth upward to Wall Street and the military-industrial complex. Earlier this week, Amazon announced the layoff of 15 percent of its global human resources division, while the New York Times reported on plans by the company to use automation to avoid hiring 600,000 people over the next eight years. Earlier this month, 4,000 “reductions in force” (RIF) were implemented across US government agencies, as Trump uses the ongoing government shutdown as a pretext to go after social programs and consolidate personal control over the executive branch.