"Target's corporate staff has been asked to work from home next week, and employees will not find out their fate until Tuesday. A Target spokesperson told the Associated Press (AP) that the cuts represent around 8% of Target's global workforce, but the majority of employees affected work at the headquarters in Minneapolis. According to AP, Target's comparable sales dropped 1.9% in its second quarter, and its net income dropped 21%."
"In an email sent to employees, Target said it will be restructuring and will cut about 1,000 employees and 800 open positions will be closed. The retailer said in the email that the layoffs were not to cut costs but to streamline operations and bring forth "progress and growth." Those affected by layoffs will receive pay and benefits through Jan. 3, and will get severance packages and support services."
"Target announced Thursday it will be eliminating 1,800 positions from its corporate staff. Target cuts positions, announces layoffs. Target's corporate staff has been asked to work from home next week, and employees will not find out their fate until Tuesday. FOX 9 is told multiple Target workers believe making employees wait throughout a long weekend to know their fate is cruel. In 2015, Target laid off 1,700 of its corporate workers."
Target will cut about 1,000 corporate employees and close about 800 open positions, eliminating 1,800 corporate roles. Corporate staff have been asked to work remotely next week and will learn their job status on Tuesday. The cuts represent about 8% of Target's global workforce, with most affected employees at the Minneapolis headquarters. Comparable sales fell 1.9% in the second quarter and net income declined 21%. Target described the layoffs as efforts to streamline operations and bring 'progress and growth' rather than cost-cutting. Affected employees will receive pay and benefits through Jan. 3, plus severance packages and support services. In-store associates are not affected.
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