Target plans to cut 1,800 corporate positions
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Target plans to cut 1,800 corporate positions
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Target is eliminating 1,800 corporate jobs
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#Target said on Thursday it’s cutting 1,800 corporate jobs as the retailer tries to get back to growth after four years of roughly stagnant sales. It marks the first major round of layoffs in a decade for the Minneapolis-based retailer. It announced the layoffs in a memo sent by Target’s incoming CEO Michael Fiddelke to employees at its headquarters. Read more at the #linkinbio or the link so screen. #CNBC
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Target announced it will layoff 1,000 corporate employees and eliminate 800 additional vacant positions. The loss of 1,800 positions is one of the biggest job cuts in Target’s history — about 8% of its corporate workforce globally. In a memo to Target headquarters employees, incoming CEO Michael Fiddelke said the job cuts are meant to simplify their structure. “The truth is, the complexity we’ve created over time has been holding us back. Too many layers and overlapping work have slowed decision
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