Target cuts 475 jobs

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

From Target via CNN.

By Gregory Wallace

NEW YORK (CNNMoney) — Target on Wednesday announced plans to eliminate 475 jobs from its global workforce.

The cuts come about a month after Target reported a major breach of customer information during the holiday shopping season. Spokeswoman Molly Snyder said the cuts are unrelated to the breach.

“We believe these decisions, while difficult, are the right actions as we continue to focus on transforming our business,” she said. “We will continue to invest in key business areas to strengthen our ability to compete and thrive well into the future.”

The discount retailer has about 361,000 employees worldwide and more than 1,700 U.S. stores. On Tuesday, Target announced it would no longer offer health insurance for part-time employees.

™ & © 2014 Cable News Network, Inc., a Time Warner Company. All rights reserved.

1 Comment

  • dog trainers in ohio

    s teeth, hair, and skin, and no tools aare required for assembly.
    They may also thump to get attention, whih might mean they want out
    of the cage to play and bee with the family. This time
    frame accounts for aplroximately 2,000 generations of humans since the
    great split, during which time modern genetic featutes devesloped independently.

Comments are closed.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.