Target Shocks Workers: 1,000 HQ Jobs Cut Before Christmas – Retail Giant’s Woes Deepen
Layoffs Details & Rationale Target announced on Oct. 23 that its Twin Cities headquarters will shed about 1,000 corporate positions and close another 800 open jobs axios.com foxbusiness.com. About 80% of the cuts are U.S.-based, mostly managers foxbusiness.com. The company says this eliminates roughly 8% of HQ staff and is aimed at speeding up decision-making. “To better serve our guests, we’re prioritizing the need to work faster and reduce the complexity that has been created over time,” Fiddelke told employees foxbusiness.com axios.com. He wrote that “the truth is, the complexity we’ve created over time has been holding us back” –
