Reported about 14 hours ago
Target plans to cut 1,800 corporate roles, which accounts for 8% of its workforce, in response to ongoing sales declines. New CEO Michael Fiddelke, set to take over in February, has stated that the layoffs, which will exclude logistics and in-store employees, are part of a strategy to drive growth and enhance the retail experience. Analysts view these cuts as essential for restructuring the company's management and improving investor confidence amidst a challenging market environment.
Source: YAHOO