Target lays off 475 workers, won't fill 700 open positions

Categories: Target
TargetHQ.jpg
Minneapolis's job market just got tighter.
Target laid off 475 workers today and won't fill another 700 positions that opened over the past six months, company spokesperson Molly Synder told City Pages this afternoon.

A LIGHTER NOTE: Target apologizes for labeling plus-size dress as "Manatee Gray"

Synder said the layoffs "are not in response to the data breach," but the news of late hasn't been good for Target in general: Last week, the company disclosed disappointing fourth-quarter sales numbers, and Target's stock has been steadily plunging since late summer.

A statement released by the company says, "As an organization, Target continually assesses our operating model to ensure we are well-positioned to adapt to changing business needs."

"We believe these decisions, while difficult, are the right actions as we continue to focus on transforming our business," the statement continues. "We will continue to invest in key business areas to strengthen our ability to compete and thrive well into the future."

Asked what positions in particular were eliminated, Synder said she doesn't have "specific details" but said the layoffs "were across the company."

Synder also didn't know the particulars about local layoffs, but said "the number [affected] at headquarters is a really small percent."

Workers who were notified of their layoffs today will remain on the payroll for 45 days, Synder told us.

"Beyond that, comprehensive severance packages will be offered based on years of service," she added.

-- Follow Aaron Rupar on Twitter at @atrupar. Got a tip? Drop him a line at arupar@citypages.com.

My Voice Nation Help
111 comments
Dan Yell Gangel Holla
Dan Yell Gangel Holla

People blaming Obamacare for anything bad in society is really getting old. People have been being laid off for multiple years. And when the economy "gets better" employment is always the last to follow. Plus the fact that Target had a huge data breach leading to loss of customers and multiple lawsuits. But Ya, blame Obamacare.

Jason Swan
Jason Swan

Hey, there's always Best Buy!! Er... wait...

Rick Miller
Rick Miller

The one thing about CEO pay is that these CEO's are so out of touch with the havoc their decisions create for the average working person. You think anyone making over $10 million a year can relate to anything except the bottom line, this quarter's sales and their own stock options?

k2yeb
k2yeb topcommenter

Maybe if Target spend less times on the E's of Excellence and more on the customer they would grow their customer base rather than alienating it. 

k2yeb
k2yeb topcommenter

All you need to do is look at the faces of an employee to see where a company is going. I have around a dozen friends that work here. 100% are looking for other jobs. No one wants to be the barnacles on the boat....the ship is sinking but you know you can't let go. 

WhiteMatt
WhiteMatt

We need Government to take a serious look at businesses (large or small). I mean, why should businesses expect to make a profit? Why should shareholders who invest in businesses expect a return on their investment? It is total greed! I think the solution is total government regulation of all businesses. Businesses should only be allowed to "break even". Any excess profit should be given to the Government and then the Government can dole out that money to the citizens as they see fit. This would eliminate income inequality. Everyone, regardless of education, experience, or ambition, deserves an equal share of the pie.


We need to look to Democrat politicians for our goal of income equality. Only they know that when we all earn the same income, we will all be better off for it. Capitalism is evil and all it does is make the rich richer and the poor poorer.


I look forward to a day when profit-making corporations in America are eliminated and the Government takes over and provides the goods and services that they deem necessary for our survival. I pray for that day. Income equality for ALL! It worked out fabulously for the former USSR and Germany, and it can work for America too!


Kevin M Frazier
Kevin M Frazier

sounds like the p.o put more work on other people losers

Jennifer Blons Berman
Jennifer Blons Berman

Poo. Glad my man is ok but big gigantic poo for everyone else! I'm sorry to hear this!

Suckitproles
Suckitproles

It's nice that Uptown's best and brightest economic illiterates decided to crawl out of their trust fund art studios to grace us with their presence.

The most recent figure I can find for CEO pay at Target is 23.9 million dollars, with there being 351,000 employees working for them.

$23,900,000 divided by 351,000 employees is: $68.09 per employee a year.
That turns out to be $1.31 a week.
Let's pretend that every single employee is a PT employee and works 20/wk.
Even then, the "fair share" emotional batshitinsanerry of the left is downright hilarious.  At that rate, each employee would receive $0.065/hr.  OOOOOOHHHH!!

So no.  It has nothing to do with CEO pay, it has to do with illiterate shitheads who don't understand the simple tenants of economics who vote with their feelings no matter what reality has to say on the matter.  Emote emote emote.  That's all you guys have, which is to say that they never, ever, ever argue in good faith.

But hey, we can't have rich people, we all have to be equally poor.

Die in a fire.


Rory Mattson
Rory Mattson

This is what happens when you treat peoples credit security like a cheap date, and pay a CEO $20,000,000 to make excuses. When he bails, they'll pay him a 3 year salary to but out. Share holders get some balls.

Steve Lentsch
Steve Lentsch

Lame - Cutting part-time workers health benefits so the rest of society can subsidize a 37.28 billion dolllar company's expenses. How much does the CEO make trying to cut I/T expenses putting customers at risk? $19M?

Bob B Bopp
Bob B Bopp

Since the CEO makes the most money he must be the hardest worker? What a load of shit.

Shawn Taylor
Shawn Taylor

Target lays off people and you refuse to shop there. Sure that will help the situation!

Chris Deutsch
Chris Deutsch

Gregg Steinhafel has a net worth in excess of $34,000,000. That's more than 1,000 of his full-time retail team make in a year, combined.

Chris Deutsch
Chris Deutsch

I got free credit monitoring and a personal mass email from the dude.

lund519
lund519

I'm seeing so much of this, not just in retail, but health care as well.  There are waiting lists that are 3-5 years long for the RN program but nobody is hiring nurses like they were; their unions are very strong, and demand they get very high pay (especially holidays).  The solution up here (in Canada) is to hire only one or two RN's and hire about 10 nurses aides, which really compromises patient care.  I see this as the future for a lot of things (health care, retail, social services - getting a Masters in Social Work today is a waste of time - you'll never find anything).  There really is no easy formula today in terms of getting your degree.  You just have to be in the right place, know the right people and be there at the right time to be offered the job.  Which could take 10+ years for some of us.  

Target failed up here because the prices were ridiculously high when I could drive to the Target in Virginia, Minnesota; 100 miles from Fort Frances, Ontario (across from Int'l Falls) once every month or two and benefit from the lower prices in Minnesota.  The selection and quality also wasn't as good as what we see at Target in the US.  As for Wal-Mart, the ones here are awful.  In the US, again, you can get so many items with one stop.  Unless you live in a large metro area up here, you just can't find that kind of selection or price.  And that's just how it is.

Carrie Graf
Carrie Graf

I actually don't go to chain stores very often for anything. And I don't pay more, I just don't need the crap they sell there or I can find it just as cheap at a local place.

kurt124
kurt124 topcommenter

Welcome to Hope and Change ObamaCare.    Our Preezy and the Democrats are  economic illiterates.     Now that they have damaged the Private Sector they can move onto Class Warfare again with this BS about income inequality.    Wait until Barry raises the minimum wage by executive order- Good buy to most former minimum wage jobs and hello to automated cheeseburgers at MacDonalds.

Luis Eagle Thunder
Luis Eagle Thunder

the venture into Canada didnt pan out so far, as well as the data breach and low sales. How the hell one brings up Obamacare is dumbfounding. 1%er apologists are hilarious

Kirk Burback
Kirk Burback

Ya, pay more for the same product. Don't be greedy...

Anthonasty Ross
Anthonasty Ross

Jesse Schneider, you're honestly trying to assert that simply having a large salary is tantamount ones "leadership" being valuable. Correlation =\= causation. Also you're horribly missing the point people are making and that is this. The company could continue on at present employment levels and continue to be profitable for shareholders if the the executive board and CEO took marginal pay cuts. I know. Math is hard.

WhiteMatt
WhiteMatt

They did that because they finally realized that Government can provide better health insurance plans than the private sector can. After all, "it's not a tax"...........................

losdelfuego
losdelfuego

@Suckitproles On the other hand, 475 people were laid off.  If the CEO settled for a $10M paycut, making "only" $13.9M per year, each of those 475 laid off employees could keep a job at nearly $30,000/yr.

losdelfuego
losdelfuego

@Suckitproles On the other hand, 475 people were laid off.  If the CEO settled for a $10M paycut, making "only" $13.9M per year, each of those 475 laid off employees could keep a job at nearly $30,000/yr.

digitalprotocol
digitalprotocol topcommenter

@Suckitproles you do know that we can all read and write...so we are not illiterate 


go back to math class you fkn NERD TOUCHER

jo1glex
jo1glex

@SuckitprolesSimple "tenants" of economics?  What?  Do you mean renters?  Or "tenets"?  And then, "That's all you guys have, which is to say that they never, ever, ever argue in good faith."  Who is they?  You?  Who is "you?"  What are you saying?

And "Die in a fire" was funny a couple of years ago.  Now my middle-school kids roll their eyes when they see it.

k2yeb
k2yeb topcommenter

As an ex employee I can tell you as I have worked with the CEO that he does jack shit as far as work. He is a politician and figure head. That is pretty much it. 

Suckitproles
Suckitproles

How much value do you create when you work your shift at Jimmy Johns?

kurt124
kurt124 topcommenter

@lund519Might want to take a look at those Unions then.   Unions here are nothing but the Thug Branch of the Democrat Party, don't know how it works there but here what happens is Unions make huge contributions to the Democrat/Governmentcrat Party.   So it's money laundering.   There are fewer Jobs becuse of unions that demand so much money from employers and their members (which they force into unions and force a fee to be paid), those fees then go back to the democrat party via campaign contributions.    It's the way the left operates. 

WhiteMatt
WhiteMatt

@swmnguy


Are you saying that I am wrong? You do realize that income inequality is the number one reason why people live in poverty in this country. Are you saying that I am wrong?

WhiteMatt
WhiteMatt

@Suckitproles


Fuck off, you greedy Republican. How dare you expect people to work for a living when they can just live off the Government dole? Government knows best! You just do what Government tells you. Obama knows how to live your life better than you do. His Health care plan just proves that. You can keep your doctor, you will save $2500 a month. OK, fine, those were lies but still. How fucking dare you question Obama? Do you realize that he is the first African American president of the United States? Obama knows best. How fucking dare you question Obama?

k2yeb
k2yeb topcommenter

@WhiteMatt So paying over $200 for a service you dont use is fair? That's what we each will pay as a fee next year that we didnt pay in 2013 even if we don't use Obama care. This will simply be added to your premium. Most employers will no offset. 

k2yeb
k2yeb topcommenter

@WhiteMatt This is a pretty ignorant comment.The government is so efficient and accountable and all. So much better than a business. You are a moron. 

swmnguy
swmnguy topcommenter

@jo1glex  Good description of Keny.  Sometimes he wanted to be pals though, which was kind of creepy.

jo1glex
jo1glex

@digitalprotocol  You're right.  Keny was a sort of high school dropout with some cleverness but mostly a cough-syrup addict type of troll.  This guy might be a college sophomore.  Not a dumb one but destructive in a mischievous way.  Looks to me like he is also "Suckitproles," which would reveal a bit of reading.  This could be fun to observe.

Drewey
Drewey topcommenter

@WhiteMatt @swmnguy this is what happens when the intellectually challenged try "splainin" how the world works.   Matt, short of being a punch line, you bring nothing to the conversation.  Spare yourself the embarrassment...

WhiteMatt
WhiteMatt

@Suckitproles 


I bet you are a bigot too. Fuck off and die. Obama ended terrorism when he killed Osama Bin Laden. Now, due to Obama's heroism, terrorism no longer exists. The world is now free of terrorism thanks to Obama killing Bin Laden. Obama is a hero. Are you stupid? Obama is the hero to the American people. He ended terrorism, he created the best economy in the past 50 years. He created successful green programs (Telsa, etc.) and now under His leadership, America has enjoyed the best years in it's entire history. Obama is God. If you do not kiss his feet and bow down to Him, you are a racist and a bigot. Fuck off, asshole!  

stephansonprop
stephansonprop

@k2yeb Does your leg hurt?? Because " I think" WhiteMatt has been yanking on it very hard.

Now Trending

Minnesota Concert Tickets

From the Vault

 

Loading...