Target to Lay Off 1,000 Employees in Major Workforce Restructuring
TL;DR Summary
Target plans to lay off around 1,000 corporate employees and close 800 roles as part of a major restructuring under new CEO Michael Fiddelke, aiming to address sales slumps and operational inefficiencies, impacting its headquarters in Minneapolis and signaling significant changes in its business strategy.
- Reports: Target to lay off 1,000 employees Axios
- Target to Slash Corporate Workforce After Quarters of Stagnant Sales The Wall Street Journal
- Target's Layoffs Mark Turning Point For Retailer Yahoo Finance
- Target cuts 1,800 corporate jobs in its first major layoffs in a decade CNBC
- Target will lay off around 1,000 employees CNN
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