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Target Corporation to Cut 1,800 Jobs, Representing 8% of Headquarters Workforce

In a significant restructuring effort, Target Corporation is set to eliminate approximately 1,800 positions, which accounts for about 8% of its corporate workforce. This decision marks the company’s most substantial reorganization in several years, as outlined in a memo obtained by Bloomberg News.

The layoffs will affect various teams and levels of seniority within the organization. Specifically, the plan involves the termination of 1,000 employees while also closing out 800 unfilled positions. This strategic move aims to streamline operations, reduce complexity, and help the retailer regain its competitive edge in the market.

According to Bloomberg reporter Jen Bartashus, these changes are part of Target’s broader initiative to adapt to the evolving retail landscape and enhance operational efficiency.

As the retail sector continues to face challenges, Target’s decision reflects a proactive approach to restructure and align its workforce with its strategic goals. The company is committed to navigating these changes while ensuring that it remains responsive to customer needs and industry trends.

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Source: Original