Target lays off 235 at headquarters, 40 in India

Target (NYSE:TGT) announced a layoff of 235 employees from its headquarters and 40 from its IT center in India. The news comes just six months after the company let go 13 percent of employees from the Twin Cities, about 1,700 corporate employees plus an additional 1,400 workers, CBS Minnesota reported.

In addition, Target will eliminate an additional 35 positions at the Minneapolis and Brooklyn Park corporate offices, according to Star Tribune. Target's IT center in India will still employ more than 2,500 people and the employee count at its headquarters will be just under 11,000. The company also cut corporate jobs in February and April.

The latest round of cuts seems at odds with the company's push for digital expansion—and the fact that the website lists 102 job openings in IT, Star Tribune reported. However, those openings are mostly related to engineering while the job cuts were in areas like business analysis and project management.

Target is likely to make more employee cuts in the coming months, perhaps in the pharmacy business division. In June, CVS Health agreed to acquire Target's pharmacy and clinic business for $1.9 billion.  

In total, the layoffs for 2015 include 2,735 jobs, or one-fifth of its corporate staff. The retailer started the year with 550 cuts at its headquarters, related to the brand's exit from Canada. Target said the layoffs are part of a larger plan to cut $2 billion in costs over the next two years.

For more:
-See this Star Tribune article
-See this CBS Minnesota article

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