According to a report in the Minneapolis StarTribune, Target Corp. cut 140 employees from its headquarters staff this week. Most of the employees worked in what the company called the business performance optimization unit, the newspaper stated.
In an email received by the newspaper, it noted, Target asserted that the layoffs occurred where the company detected redundant operations or saw opportunities to enact efficiencies.
In all, Target has cut about 2,500 staff positions at its downtown Minneapolis headquarter over the past few quarters.
In the company’s first quarter webcast, Target chairman, president and CEO Brian Cornell stated that Target had recorded restructuring charges in the period due to headquarters layoffs. He added that, while making the staff reductions was “very difficult” for management and the broader workforce, layoffs have been necessary to remove “roadblocks” that were an encumbrance to change and responding to customer needs.