Target Corporation said it is cutting roughly 475 positions, while it has decided that an additional 700 open positions will remain vacant for good. The layoffs come after a massive data breach that hit during the all-important holiday shopping season.
Regarding the layoffs, Target e-mailed the following statement: “As
an organization, Target continually assesses our operating model to
ensure we are well-positioned to adapt to changing business needs. Today
we informed our team that approximately 475 positions are being
eliminated worldwide. We believe these decisions, while difficult, are
the right actions as we continue to focus on transforming our business.
We will continue to invest in key business areas to strengthen our
ability to compete and thrive well into the future.”
The Star Tribune, citing unnamed sources, later reported that the vast majority of the cuts were at Target's headquarters.
Target
currently employs about 11,000 at its downtown Minneapolis
headquarters; when accounting for other campuses such as the one in
Brooklyn Park, the company has about 14,000 corporate employees
throughout the Twin Cities.
