Target to cut 1,800 corporate roles in turnaround effort

(Reuters) -Target is cutting around 1,800 corporate roles in its first major layoff in around a decade as the retailer looks to reverse years of stagnant sales and simplify its operations. The move, unveiled by incoming CEO Michael Fiddelke in memo to employees on Thursday, comes at a time its share price has lagged rivals and the company has faced backlash for pulling back from its diversity, equity, and inclusion policies. "Too many layers and overlapping work have slowed decisions, making it harder to ...