MINNEAPOLIS — Target Corp. will cut 1,800 positions from its corporate headcount, the second-largest downsizing of its headquarters staff.
Affected employees won’t learn their status until Tuesday, leaving them to wonder through a long weekend.
The restructuring will cut about 1,000 employees and close roughly 800 open positions — some 8% of Target’s global workforce. All U.S. corporate staff have been asked to work remotely next week.
The Minneapolis-based retailer said changes were not made to cut costs but to make operations more agile and improve decision-making.
“This spring, we launched our enterprise acceleration efforts with a clear ambition: to move faster and simplify how we work to drive Target’s next chapter of growth,” incoming CEO Michael Fiddelke said in a Thursday note

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