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Ever heard of Fred's?
They are a big retailer here in the south and south east and also post up billions in profits every year. I use to work for them as part of management and a few years ago they sent out something similar. Come to find out they eliminated the assistant manager position as everything they did was already done by a couple other positions and they also eliminated the bonuses they gave out to managers.
The retailer I'm with now also did the same thing recently. They reduced the max pay of all management positions so anyone making over that took a pay cut, reduced the bonuses of Store Mangers and up, and eliminated the bonuses of all other employees.
From my personal experience, anytime a company says they are going to make changes to management it is never good. Not to be a pessimist but I only see three possible outcomes or a combination of them, 1) a cut in pay across the board, 2) reduction in bonuses, or 3) the elimination of one of the positions
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