Target Lays Off 1,700 Workers

On March 10, Target Corp. slashed 1,700 jobs, mostly in its corporate headquarters, according to press accounts and an SEC filing. 

The retailer also reportedly announced it will not fill 1,400 vacant positions. 

The company also laid off 475 employees in 2014.

Days earlier, the company had warned it might cut up to 2,000 jobs as part of a new business roadmap.

The headquarters still has 13,000 employees, according to the Minneapolis Star Tribune.

The company expects to incur severance costs of $100 million, it told the SEC.

It did not respond to a request from JCK for comment.

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JCK News Director