"The layoffs included employees spanning across engineering, product design, analytics, guest experience, creative, strategy, merchandising, HR, operations and legal, according to a Modern Retail analysis of around 60 posts from Target employees who posted on LinkedIn this week looking for work, as well as posts from remaining employees. Employees of the Minneapolis-based retailer were informed Tuesday whether or not their positions had been affected."
"It will also leave hundreds of people - some had been with the company for decades - without work at the tail end of an economically challenging year. Now, Target faces the tall task of rebuilding morale at a time when the company has faced macroeconomic and geopolitical hurdles, criticism over its pullback of diversity, equity and inclusion initiatives, several underwhelming quarters, and an expectation of a low-single digit decline in sales this fiscal year."
Target eliminated roughly 1,000 corporate positions and chose not to fill about 800 open roles, with impacted employees receiving pay, benefits and severance through Jan. 3. Cuts spanned engineering, product design, analytics, guest experience, creative, strategy, merchandising, HR, operations and legal, and leadership roles were affected at about three times the rate of individual contributors. Most reductions occurred in Minneapolis, with some layoffs in other U.S. cities and India; store and warehouse roles were not affected. The company must address increased workloads for remaining staff, rebuild morale amid DEI pullbacks and underwhelming financial performance, and manage expected low-single-digit sales declines.
Read at Digiday
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