Amazon Targets As Many As 30,000 Corporate Job Cuts
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Over the last year, Target has found itself at the center of intense backlash and boycotts due to a series of controversial business decisions that verge on the political. The fallout has taken a toll on the company's finances, leading to several slowdowns in sales.
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Target to send out layoff notices to 1,000 employees on Tuesday
Target corporate employees will learn Tuesday whether they are among the roughly 1,000 individuals affected by the company's layoffs.
Jenna Estlick, president of HR Solutions and at Versique, said that the first thing laid-off employees should do is to understand their benefits.
By highlighting programs that support Black entrepreneurs, Target is seeking to demonstrate that its retreat from broad DEI goals does not mean a full withdrawal from equity-driven initiatives — even as it continues to face questions about the depth of its commitments.
"After capturing hearts with his holiday charm last winter, Kris K. from Target is back to deliver magic, mischief and must-have gifts this holiday season."
The Canadian prime minister put the onus on the president to explain the “unexpected twist” in their relationship.
In their announcements to employees, both Target and Amazon cited the need for efficiency and innovation as the driving force behind the layoffs.