Target Shocks Workers: 1,000 HQ Jobs Cut Before Christmas – Retail Giant’s Woes Deepen
Target will cut about 1,000 corporate jobs and eliminate 800 open roles, affecting roughly 8% of its headquarters staff. The move follows three straight quarters of sales declines and consumer backlash over inventory and diversity issues. Target shares hovered near five-year lows at $94 on Oct. 23, while Walmart stock hit record highs. Employees were told to work remotely next week as the company finalizes layoffs.