On Tuesday, Target announced that it would begin a series of job cuts that is scheduled to last for the next two years. Target will begin by cutting 1,700 jobs from its corporate headquarters in Minneapolis. The company plans to save over $2 billion as a result of these job cuts. The company has performed poorly over the past several years.
See "Target Cutting 1,700 Jobs, Mainly at Headquarters in Minneapolis", Hiroko Tabuchi, The New York Times, March 10, 2015