Group 1 - Target Corporation plans to cut around 1,800 corporate roles to return to growth, marking the first major layoffs in a decade [1][2] - Incoming CEO Michael Fiddelke stated that the complexity created over time has hindered the company's progress, leading to the decision to eliminate roles [2][3] - The layoffs will affect approximately 8% of Target's 22,000 corporate staff, with 80% of the cuts occurring in the U.S. [3] Group 2 - The job cuts come during a period of sluggish growth, with Target experiencing 11 consecutive quarters of declining or weak comparable sales growth [5] - Target is facing challenges from rising competition, particularly from Walmart and Amazon, and anticipates a decline in fiscal year 2025 sales [5] - Over the past year, Target's shares have dropped 37.24%, and over the past five years, they have fallen over 41%, contrasting with Walmart's nearly 123% increase [6]

Raj Jegannathan, the Tesla executive in charge of reversing a sales slump, has gained a following on X, where he personally fields customer complaints from influencers and ordinary buyers https://t.co/jFJPr9Jli1 ...

Is your local Starbucks in jeopardy. Maybe. The coffee giant says it will close about 1% of its North American stores.Starbucks said it expects to finish September with 18,300 locations in North America. It has more than 40,000 locations globally. At the same time, more than a thousand stores will be remodeled with cozier chairs, extra outlets, and warmer colors.The changes are part of a billion dollar back to Starbucks transformation plan under CEO Brian Nickel. That includes 900 new layoffs on top of the ...

Inside the Starbucks effort to reverse a sales slump with new training...and lots of meaningful eye contact.🔗: https://t.co/uvnjzh6398 https://t.co/WNR0QCRrdw ...