""To better serve our guests, we're prioritizing the need to work faster and reduce the complexity that has been created over time. This is especially important against the backdrop of a rapidly changing business landscape," Fiddelke said, adding the announcement "is an important step toward our key priorities: strengthening our retail leadership in style and design, enhancing the guest experience and expanding how we use technology to fuel our next chapter of growth.""
""move faster and simplify how we work to drive Target's next chapter of growth.""
Target will eliminate about 1,000 corporate positions and remove 800 open roles to speed business decision-making and drive growth under incoming CEO Michael Fiddelke. Approximately 80% of the reductions are U.S.-based, concentrated in the Minneapolis headquarters and disproportionately affecting leadership roles, which were three times more likely to be laid off. The cuts represent 8% of the global headquarters team. Affected employees will receive pay and benefits through early January plus any severance offered. The Enterprise Acceleration Office, launched in May, is focused on simplifying work, removing management layers, improving cross-functional collaboration, and prioritizing retail style, guest experience, and technology.
Read at New York Post
Unable to calculate read time
Collection
[
|
...
]