"In the memo, the executives announced that the chain would be initiating more layoffs-this time cutting around 500 positions. However, the majority of the job cuts will not impact store-level retail workers. Instead, the memo says that about 400 jobs will be lost across its distribution and another 100 jobs will go across its store district level."
"Target Corporation has reportedly announced that it will cut about 500 roles at the company, partially in an effort to reallocate financial resources to boost the in-store customer experience. The job cuts would be the second major wave of cuts that Target has made in the last five months, and come less than two weeks after the company's new CEO stepped into the role."
Target will eliminate about 500 positions, reallocating financial resources toward improving the in-store customer experience. About 400 roles will be cut across distribution, and roughly 100 roles will be cut at the store district level, with most store-level retail workers unaffected. The number of geographic store districts will be reduced, leading to the loss of some corporate regional office staff who oversee districts. These cuts represent Target's second major wave of reductions within five months and occur less than two weeks after the company's new CEO assumed the role.
Read at Fast Company
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