Target Lays Off About 150 Corporate Employees
MINNEAPOLIS (AP) — Target Corp. has laid off about 150 of its 15,000 Twin Cities corporate employees.
The move affects workers at the discount retailer's tower headquarters in downtown Minneapolis, an office on Interstate 394 in the city and a campus in Brooklyn Park.
A Target spokeswoman says the layoffs were due in part to the company's "future model not supporting the current size of the team," as well as to eliminating duplication and less cost-effective operations.
The laid-off employees completed work Wednesday but will remain on the payroll for 45 days
Minneapolis-based Target has $73 billion in annual sales and 360,000 employees. Target said last month that it would employ fewer seasonal workers over the holidays than it did last year.