Reported about 10 hours ago
Target plans to eliminate approximately 1,800 corporate roles as part of its strategy to address ongoing stagnant sales, according to a report by the Wall Street Journal. This restructuring follows 11 quarters of weak sales performance and will predominantly impact U.S.-based employees, with about 80% of the cuts affecting them. The company had around 440,000 employees as of early February and cited weak demand in discretionary categories as a factor in maintaining its annual forecasts.
Source: YAHOO