Target to Lay Off 1,800 Jobs in Major Restructuring
TL;DR Summary
Target is cutting 1,800 corporate jobs, about 8% of its headquarters staff, as part of a strategy to simplify operations and boost growth amid sales slumps and leadership changes, with affected employees receiving pay and benefits until January 3.
Topics:top-news#business#company-restructuring#corporate-jobs#growth-strategy#retail-industry#target-layoffs
- Target cuts 1,800 corporate jobs in its first major layoffs in a decade CNBC
- Exclusive | Target to Cut Around 1,000 Jobs The Wall Street Journal
- Target cuts 1,000 jobs, eliminates hundreds of open roles Fox Business
- Target to Lay Off 8% of Headquarters Team, Cut 1,800 Roles Bloomberg.com
- Target eliminating 1,800 positions, laying off 1,000 workers Star Tribune
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