Framingham, Massachusetts-based TJX Corporation, the parent company of Marshalls, TJ Maxx, HomeGoods, HomeSense and Sierra Trading Post, has eliminated 300 employees in what it calls an infrastructure and operations realignment.
Company spokesperson Dorren Thompson spun the event as a pro-growth initiative.
“As TJX continues to grow, we consistently look for ways to efficiently meet the needs of our expanding business and help us better serve our customers around the world. Today, we announced the restructuring of our global IT Infrastructure and Operations group, which eliminates approximately 300 IT positions. As part of this restructuring, certain services will transition to a third-party provider, who plans to create job opportunities for some of the people whose TJX positions will be eliminated. While we are eliminating certain positions in this area of IT, as part of our overall strategy, we are expanding in others to meet the future needs of our business. Although we believe this is the right strategy, these decisions are always difficult. We are grateful to these Associates for their contributions and dedication to the Company. We are confident that the changes we are making will ultimately better position the IT organization to support the continued growth of our Company.”
Sounds like outsourcing to me. I wonder if any of these employees were asked to sign non-disclosure agreements and train their replacements as a condition of their severance package?
Are you asking yourself, Am I Next?