Target to eliminate 1,800 corporate jobs
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Target will lay off 1,000 corporate employees and close 800 open roles — affecting roughly 8% of its global corporate workforce — the company said Thursday.
“People may have trouble remembering new information, paying attention or moving smoothly,” she said. “This can slow reaction time, cause slurred speech, and raise the risk of car crashes by 30%-40%. The effects depend on how much cannabis is used, how it’s taken, and how used to it someone is.”
Target Corp. is eliminating about 8% of corporate roles in its first major restructuring in years, according to a memo viewed by Bloomberg News, as the retailer seeks to reduce complexity and regain its footing.
A woman in Florida, who filed a lawsuit against Target after fracturing her leg at one if its parking lots, was awarded nearly $11.4 million by an Orange County jury on Friday, Oct. 17.
The announcement has sparked an online debate about whether the lag is fair to employees. Experts weigh in on what is the best practice.
In a statement quoted by CNN, Target said that the changes “set the course for our company to be stronger, faster and better positioned.” Target has announced that it will be laying off hundreds of employees,