Target to lay off 475 employees at corporate headquarters

|About: Target Corporation (TGT)|By:, SA News Editor

In another round of cost-cutting efforts, Target (TGT -0.5%) is laying off 475 employees at its corporate headquarters (~4% of the workforce there) and not filling 700 open positions.

A laid off employee said cut staff will be replaced by workers in India and contractors, with the terminations in the works for over half a year.

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