Weather Forecast


Tamiflu offered to poultry farm workers in Midwest as bird flu battle escalates


Target cuts 475 jobs in Minnesota offices, spokeswoman says

Email Sign up for Breaking News Alerts
business Willmar, 56201
Willmar Minnesota 2208 Trott Ave. SW / P.O. Box 839 56201

NEW YORK (Reuters) - Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz) is cutting 475 jobs at its offices in Minnesota, where it is based, a spokeswoman for the third-largest U.S. retailer said on Wednesday.


The retailer has a total global headcount of 361,000 and employs about 14,000 at its headquarters and related offices in Minnesota.

The news comes just weeks after the Minneapolis, Minnesota-based company forecast weak results for the holiday season, during which it fell victim to a cyber attack that led to the theft of some 40 million payment card numbers and the personal data of 70 million customers.

In early January, the retailer cut its fourth-quarter profit forecast, in part due to weaker-than-expected sales since reports of the cyber-attack emerged in mid-December.

"We believe these decisions, while difficult, are the right actions as we continue to focus on transforming our business," Target spokeswoman Molly Snyder said.

(Editing by Bernadette Baum)