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Target is laying off about 1,000 employees on Tuesday. Amazon doing the same and laying off at least 14,000 corporate jobs. | KARE 11
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Amazon and Target to lay off thousands
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Target said on Thursday it’s cutting 1,800 corporate jobs as the retailer tries to get back to growth after four years of roughly stagnant sales. It marks the first major round of layoffs in a decade for the Minneapolis-based retailer. It announced the layoffs in a memo sent by Target’s incoming CEO Michael Fiddelke to employees at its headquarters. Read more: cnb.cx/4oz2dkI | CNBC
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