Target (NYSE:TGT) announced it will lay off 140 employees at its Minneapolis headquarters and eliminate an additional 50 jobs as part of a restructuring plan.
Most of the jobs being eliminated fall under the company's Business Performance Optimization Center of Excellence. The positions were identified as redundancies or opportunities to increase efficiency, TwinCities reported.
The layoffs are not the first round for Target in 2015. The retailer started the year with 550 cuts at its headquarters, related to the brand's exit from Canada. In total, the shuttering of all 133 Canadian stores led to about 17,000 job cuts. Then, in March, Target laid off 1,700 corporate employees plus an additional 1,400 workers. Target said it was part of a larger plan to cut $2 billion in costs over the next two years.
-See this TwinCities article
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