Target said Thursday that it 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.

What You Need To Know

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

A company spokesperson said on Thursday that about 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs

The cuts represent about 8% of Target’s corporate workforce globally, although the spokesperson says the majority of the affected employees work at the company’s Minneapolis headquarters

The veteran exec

See Full Page