r/Anticonsumption • u/Healthy_Block3036 • 10d ago

Corporations Walmart CEO Doug McMillon says customers are exhibiting ‘stressed behaviors tanked them $22 billion

https://fortune.com/2025/03/26/walmart-ceo-doug-mcmillon-customers-stressed-valuation-stock-drops/
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u/Val_Hallen 10d ago

These companies make such huge profits and they can't shell out a bit extra for more staff?

That's WHY they make huge profits. People keep going despite the inconvenience, though.

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u/LateQuantity8009 10d ago

Because big profits just aren’t enough anymore. They have to be huge.

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u/Armegedan121 10d ago

They don’t want anyone to stay long enough to be worthy of a raise or promotion. Walgreens, CVS, Dollar General, Dollar Tree. This is why you see so much product waiting to be loaded and old product waiting to be switched out. They purposely understaff and over stock the inventory. Managers are given the task to keep inventory moving when it is impossible to keep up. Every other employee becomes a key holder to offset workload without extra pay. Key holders and all other employees quit within .5-2 years. District keeps bonuses that individual stores could get for impossible performance.

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u/Paulpoleon 10d ago

Yet Trader Joe’s has 20-40 employees on the floor on weekends and making a killing.

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u/dragunityag 10d ago

But if they reduced it down to 1 employee on the floor they could make 2 killings.

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u/RockMonstrr 8d ago

They still made huge profits 25 years ago when there was adequate staffing.

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u/Val_Hallen 8d ago

But they always want more. If they make a billion today, they must make more tomorrow.

Thats capitalism. Its never, ever enough. The investors must be appeased.

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u/LocalBodybuilder7036 6d ago

As a former retail pharmacists, barebones staffing was outright dangerous. Every year I’m expected to fill more prescriptions, administer more vaccines and prescribe more medications. Every year my tech hours get reduced, every year I’m told to do more with less. Half the time it’s just me, manning the drop off, pickup, drive through, flu shot, cash register, phones and faxes. It’s a nightmare