Target is eliminating approximately 1,800 corporate positions, laying off 1,000 employees and not filling about 800 vacant positions.
The Minneapolis-based retailer has been experiencing a long period of declining sales and has lost some of the cache it held as a discounter with some style panache and merchandise innovation. The cuts represent 8 percent of Target ’s corporate workforce of 22,000.
“We’ve announced changes to our corporate structure today in an effort to accelerate our strategy and return to growth,” a Target spokesman told WWD in an email. “It’s important to understand that we did not take these actions to save cost; adjusting our global headquarters structure is the first step in rewiring our organization to be agile and make faster decisions.”
Those impacted will co

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