This day, this announcement was coming... I don’t think anyone expected the number to be so large.
Last week Target CEO Brian Cornell had a conference call announced that over the next two years thousands of jobs will be cut as part of a $2 billion a year cost saving program. Most of those cuts will be in the corporate offices of Minneapolis and Brooklyn Park.
Below is the Target press release.
There has been a lot of speculation of who, when, where, what this means for Target and the city of Minneapolis.
It looks like starting this morning and through the rest of the week we are going to find out. I am told some Directors were notified today with Managers and Staff finding out tomorrow and through the week.
As I type this Governor Dayton is giving a press conference following his meet with Brian Cornell.
Here are some articles from the past week that I think answer most questions that people have at this point. I will try and take on some others tomorrow as we get a better idea of what is going on: