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submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

Wayfair CEO Niraj Shah tells employees to 'work longer hours' in year-end email::Wayfair CEO Niraj Shah sent a year-end note to employees, suggesting they work longer hours and do better at mixing work with their personal lives.

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[-] ArchAengelus@lemmy.dbzer0.com 19 points 10 months ago

It’s a lot. General “disappearance” of goods from any source is referred to as “shrinkage” or just shrink. It’s fairly easy to look up once you know the name.

Off the top of my head, shrinkage typically ranges from 3-10% of inventory. Feel free to find sources and correct me.

[-] Synthuir@lemmy.ml 9 points 10 months ago

Yes, but I’d be willing to bet that most shrinkage isn’t due to disgruntled employees; it also covers non-employee theft, accidental spoilage, non-malicious misplacement, etc. It also varies wildly by industry.

[-] eclectic_electron@sh.itjust.works 6 points 10 months ago

I think there's some ability to distinguish as anything intentionally discarded due to spillage or damage should be accounted for directly, as opposed to only showing up at inventory

Obviously it is impossible to separate out honest mistakes, intentional theft, and disgruntled employee semi-intentional shrink. If you ask the company, 500% of shrink is theft by organized crime rings and the general public should definitely be spending taxpayer dollars on police enforcement and jail time for pretty thieves. So I would assume most of it is actually accidental check out mistakes and employees "accidentally" checking things out wrong.

this post was submitted on 23 Dec 2023
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