Another 140 jobs cut at Target headquarters in Minneapolis

Target cut another 140 jobs from its Minneapolis headquarters on Wednesday morning, the majority of the positions part of their business performance optimization unit. The group was formed recently during Target's corporate office restructuring.

In addition, the retailer confirmed there are 50 open positions that won't be filled at headquarters. Employees received severance and benefit packages similar to those offered in layoffs earlier this year. Some 1,700 employees were cut in March, most of them from headquarters, which is all part of a streamlining effort to save $2 billion.

This year, Target first laid off 550 employees following the closure of their failed Canadian operation in February. In May, about 100 administrative assistants lost their jobs and 180 employees in India in tech operations were also let go. Executives have said they plan to eliminate "several thousand" corporate positions over the next two years.

Target statement

"As a part of our ongoing transformation efforts, we are continuing to roll out a comprehensive corporate restructuring across our headquarters locations. For example, as a part of that restructuring, we have brought together teams in Centers of Excellence, working to reduce complexity across our organization while streamlining our work. As a part of this, today we informed approximately 140 headquarters-based team members that their position had been eliminated. In addition, we also closed 50 open positions at our U.S. headquarters locations.

Affected team members will receive a comprehensive separation packages comparable to the separation packages other team members have received this year.

The majority, but not all, of the positions that were eliminated today were part of our Business Performance Optimization Center of Excellence and were places we identified redundancies or opportunities for greater efficiencies."
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