Target will invest more in stores, cut 500 jobs
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It is the first substantial change under CEO Michael Fiddelke, a 20-year company veteran who took over for Brian Cornell this month. Target CEO Michael Fiddelke is reshuffling his leadership team and making other changes shortly after stepping into the top job at the retailer that has struggled operationally.
The latest Target layoffs serve as that definite signal of the company’s new direction. It would eliminate 500 roles as part of job cuts.
Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market. Retail job losses are surging, with Amazon and Target cutting nearly 32,000 corporate jobs combined, signaling a ...
Target employees being laid off — including 815 workers in the Twin Cities — received an email at 8 a.m. Tuesday, instructing them to join a 9 a.m. audio call with human resources. That call was supposed to outline important information, but the audio ...