Target Cuts 1800 Corporate Jobs

(Minneapolis, MN) — Target is cutting 18-hundred corporate jobs in its first major layoffs in ten years. The announcement was sent to employees in a memo Thursday from Target’s new CEO Michael Fiddelke, who said the layoffs represent roughly eight percent of its corporate workforce. A company spokesman said 800 of those positions will no longer be filled, and the affected employees will be notified Tuesday.

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