Target (TGT) plans to announce it will lay off around 1,000 corporate employees and cut 800 open roles, the company said. “The truth is, the complexity we’ve created over time has been holding us back. Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life,” said Target’s incoming CEO Michael Fiddelke in a memo that will be sent to staff, according to various media reports. The company will share details of the changes next Tuesday and plans to ask all U.S. corporate employees to work from home next week, the planned memo is said to have noted.
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