Reported about 23 hours ago
Target is eliminating approximately 1,800 corporate positions as part of a strategy to streamline operations and enhance its customer base amid declining sales. COO Michael Fiddelke announced the layoffs, which affect around 8% of the corporate workforce primarily at the Minneapolis headquarters, citing unnecessary complexity as a barrier to effective decision-making. The layoffs come as the retailer seeks to revitalize its brand image and improve shopping experiences, following a decline in comparable sales over the past eleven quarters.
Source: YAHOO