Target, layoffs
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Target is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base
The mass merchant is laying off 1,000 corporate employees and cutting hundreds of open positions, though store and supply chain roles will be spared.
Target is eliminating 1,800 corporate jobs as the retailer attempts to return to growth after years of flat sales, the first major round of layoffs in a decade, the company announced Thursday.
The retail chain’s incoming chief executive, who will take over in February, cited “too many layers and overlapping work” in a memo.
The decision marks the company's first major job cuts in a decade.