Understaffing leads to frustration for customers and burnout for employees.
shows that Lowe’s spent nearly $35 billion over the past three and a half years on stock buybacks. This is when a company takes money that could go towards worker wages or other productive investment and uses it to artificially inflate the value of their stock — and the value of their CEO’s stock-based pay.
Other big retailers are not much different. Walmart, Home Depot, Target, Dollar General, and Best Buy all spent more than $5 billion on stock buybacks over the past few years.” to shareholders. I’m pretty sure frontline workers could come up with far better ideas for investing those billions. But nobody’s asking them.
That’s why a few co-workers and I started organizing at our Lowe’s store in New Orleans in 2022. We wanted to build collective power to address our challenges, including understaffing, unfair pay, and a lack of grievance protections. We were tired of seeing employees have no recourse after getting fired for showing up a few minutes late for reasons beyond their control, like a broken-down bus or a child care crisis.
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