MINNEAPOLIS-Target has laid off 475 employees “worldwide” but a published report cites sources that state that most of the affected workers are based in the troubled retailer's corporate headquarters here.
The company also states that it would not fill 700 open positions. The report of the layoffs being mostly centered at its Minneapolis headquarters was published in the Star-Tribune on Wednesday. Target is currently coping with sluggish retail sales and the fallout from a computer security breach. The firm employs 11,000 workers at its flagship offices on Nicollet Mall and a total of 14,000 corporate employees in the state of Minnesota.
“We believe these decisions, while difficult, are the right actions as we continue to focus on transforming our business,” the company stated. “We will continue to invest in key business areas to strengthen our ability to compete and thrive well into the future.”
The layoffs imposed on Wednesday are the largest initiated by the retailer since January 2009 when it announced it would cut 1,100 positions from its headquarters. See story in the Star-Tribune.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
