Target to Lay Off Thousands More After Firing 550 at HQ in February
by Kavita Kumar, Star Tribune via Columbian:
Target will cut “several thousand” jobs over the next two years, the company said Tuesday, as it sharpens merchandise and spends more on digital initiatives.
“The restructuring [Ed. Note: LAYOFFS] will be concentrated at Target’s headquarters locations and focus on driving leaner, more efficient capabilities, removing the complexity and allowing the organization to move with greater speed and agility,” the company said in a statement.
The cuts are part of the first broad-based strategy to drive sales and earnings growth announced by Brian Cornell, who became Target’s chief executive last August.
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