Reported about 13 hours ago
Target has revealed plans to lay off approximately 1,000 corporate employees and close 800 open positions, which represents about 8% of its global corporate workforce. This decision by incoming CEO Michael Fiddelke comes in response to shifting consumer purchasing habits and declining sales over the past three quarters. The layoffs are intended to streamline operations, although they coincide with a crucial holiday shopping period, and follow a controversial retreat from diversity and inclusion programs.
Source: YAHOO