I sympathize; the last two companies I worked for basically put them selves out of business because of such measures and other crappy policies.
Teh one I'm at now has been cutting personnel and hours for the last 3+ years. At the location I am at, we started 4.5 years ago with maybe 15 people, at least 5-10 at a time on a shift, most of them full-time. Now we have only two full time regular employees, and four fulltime managers (only one of whom is salaried), and four parttimers. As of now, even though we have been making higher profits and exceeding goals set for us, we have just had 50 more hours cut from payroll, so we now run on way less than 200 hours a week. The parttimers basically get no hours (half a day a week, if that), and even fulltimers are getting the minimum. This is not enough to do even all of the most basic of tasks in the huge list of things that must get done, much less to help all the people that come in (and so less and less poeple come back, when they can't get help). Then they audit us and fail us because so many things are not completed, because there is nto enough time to even *start* a lot of those things, much less finish them or do them right.

I am just waiting for the company to begin closing down locations, of which ours would probably be one of the first here in the valley.
It is unfortunately not just us, but most retail companies, that do this. When I worked at CompUSA, the same thing happened over the 12 years I was there (including my time at ComputerCity that CUSA bought out)--cutbacks in labor to increase profits, then finding that profits decreased because sales decreased, because less people could be helped and less product could be sold, because less people were there to help the customers that came in, and so fewer of those customers would bother to come back and buy from us. Eventually between that and mismanagement of other types at the top levels, the company folded.
Yet, the whole time, management kept saying that there was too much labor spent and not enough sales, despite showing them repeatedly that when we were given more hours to spend with customers selling them things, we could more than make up for that cost with sales and profits, giving a greater total ratio of earnings to spendings. All they cared about was cutting the actual costs, for false instant rewards of higher false instant profits due to the cutbacks. The same thing goes on everywhere I've worked in retail, and probably everywhere else.