Target Announces Major Corporate Workforce Reduction Ahead of Holiday Season
Target Corporation is preparing to cut approximately 1,800 corporate roles as part of a significant workforce reduction. The layoffs come just months before the company’s current COO is scheduled to become CEO in February. This restructuring represents nearly 8% of the retailer’s global corporate workforce.
Major Workforce Reduction at Target
Target Corporation is preparing to eliminate approximately 1,800 corporate positions in what sources indicate is one of the retailer’s most significant workforce reductions in recent years. According to reports, the layoffs will affect roughly 8% of the company’s global corporate workforce and come at a time when many retailers are typically ramping up seasonal hiring for the holiday shopping period.
