Target lays off 1,700 at headquarters

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truebluefan

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Target laid off 1,700 employees at its headquarters in Minneapolis Tuesday and is getting rid of another 1,400 open positions as it undergoes a strategic shift to streamline its business operations.

The announcement comes a week after the retailer said it would cut more than 2,000 jobs in a $2 billion growth strategy over the next two years.

Target shares closed down 1.15% to $77.67.

Read more http://www.usatoday.com/story/money/business/2015/03/10/target-layoffs/24697457/
 

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