Minneapolis-based retailer Target plans to cut around 1,800 corporate jobs to help bolster its low sales.
The Thursday announcement specified that 1,000 global corporate jobs and 800 open roles will be cut. It’s about 8% of 22,000 corporate employees. About 80% of the cuts are U.S.-based roles, according to a Wall Street Journal report.
Target cited that too many layers of corporate workers have led to ideas taking longer to come to fruition, and this move is a way to streamline decision-making.
Target has faced 11 consecutive quarters of falling or weak sales growth.
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The company will focus on an improved customer shopping experience, new technology, style and design in a bid to increase sales.
