Category: News Author : JR Posted: January 27, 2009
Tags : layoff news, target corporation, target corporation layoffs, target job cuts, target layoff news, target layoffs, target layoffs 2009, target news
Target Corporation is announcing a series of layoffs Tuesday, media outlets in the company’s hometown of Minneapolis have now confirmed.
Target Layoffs 2009: Corporate Impact
Target isn’t yet saying how many jobs will be lost, but the company has indicated the layoffs will affect only workers at Target’s corporate headquarters — not at any individual stores. More specific information is expected to be revealed once all of the affected employees have been notified.
The official statement as of now:
“Like many other companies, Target is taking actions to manage payroll and non-payroll expense in the current economic environment. We believe the decisions we are making, though difficult, represent appropriate actions to manage our business and maintain our competitive advantage going forward.”
Target had instituted a hiring freeze at the end of last year.
Rumors of cutbacks surfaced earlier in the day from sources inside the corporation. Those reports, however, suggested the layoffs would be a “company-wide phenomenon.”
Jan 27, 2009
It's about 500 people.
Jan 27, 2009
It seems that the current economic situation affects both the affluent shopper and fashionable retailers. Corporations like Target will surely bounce back due to its uniquely colorful ambiance and product line.
Jan 27, 2009
i hope target burns in hell for its sins on the consumer!
Feb 9, 2009
Layoffs, severance packages, and cutbacks on payroll have begun to circulate in the San Francisco, CA bay area. Many people will be affected starting on 2/12/09 and many more on 2/13/09. Also pharmacy hours are expected to be cut making it tougher for customers to pick up their medications. How exactly does this make Target more competitive?
Feb 10, 2009
Umm, it's a lot more than 500 employees. That was just from Corporate in the Twin Cities. They weren't exactly straightforward when they said it would not reach to the stores. It most certainly has.
Feb 17, 2009
Target is also planning on cutting the hours that the pharmacies are open starting april 5th, they will only be open 10-8 I believe during the week……pharmacies that do under 800 scripts a week are loosing their staff pharmacists, only the manager gets to keep their job…they are making all the staff pharmacists reinterview for their jobs and are only going to need part timers (20 hours) in each store, so all full time staff pharmacists are gone! unless they are willing to live on 20 hours a week (yeah right)…..also, target employes a bunch of floater pharmacists, and as of today, they have not been told anything, which is totally unfair to them because they are just hearing rumors. They are also cutting tech hours. Worst decision ever, this is going to ruin target for sure.
Apr 13, 2009
Fuck you wally! Target is great on the consumer. Go to walmart and try to get better guest service, you won't. The company should burn in hell for the sins on its own team members.
May 15, 2009
dicks dont give your hard earned money to the gays, thats why i quit shoping at your stores