Target Lays Off 475 at Corporate Headquarters

Target Corp.’s corporate headquarters in Minneapolis will see sweeping layoffs, the Star Tribune reported Wednesday.

The company announced that it is laying off 475 employees and leaving 700 open positions unfilled. The company has about 12,000 people at the headquarters and is the fourth largest employer in the state, according to Twin Cities Business.

The Star Tribune noted that the country’s second-largest retailer had slow growth in sales and profits last year and then was hit by hackers in a data breach whose ramifications are still unfolding.

Star Tribune Business Editor Todd Stone tweeted that the last time Target laid off more workers was in 2009, when it let more than 1,000 go.

Click here to read the full Star Tribune story.