Target Among the Latest Chain of Grim Layoffs

Target Corp., the popular discount retailer, is one of the latest chains to announce major layoffs. Target plans to reduce staff at its Minnesota headquarters, including approximately 600 employees and 400 open positions primarily in the Twin Cities area. Later in the year, the company plans to close its Little Rock, Ark., distribution center, which currently staffs 500 employees. In a statement to Reuters, the company attributed the weakening economy as the main reason for cutting jobs. ...Full Story
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