Target lays off 475 after poor holiday sales

Target Corp. says it's letting go 475 employees worldwide and has eliminated 700 positions in the last six months.

U.S. retailer says it has cut 700 jobs worldwide in last six months

Target says it will lay off 475 people worldwide and it has cut 700 jobs over the last six months. (Associated Press)

Target Corp. says it's letting go 475 employees worldwide.

The giant retailer, based in Minneapolis, also said it has eliminated 700 open positions over the last six months.

It wasn't immediately clear whether any of the positions were in Canada.

Most of the Target's employees are in the United States, where it had more than 360,000 according to a regulatory filing last year.

The move comes almost two weeks after Target lowered its fourth-quarter profit outlook as it grapples with the fallout of a massive security breach.

The company was planning on big holiday sales, but instead was victimized by the data breach that hurt its image and stock prices and sent shoppers elsewhere.

Target warned this week that the security may also have affected Canadian customers and led to their personal information being stolen.

Target moved into Canada early last year with much fanfare, but customer complaints about price differences with the U.S. and trouble keeping shelves stocked dampened enthusiasm for the retailer.

In the United States, Target also said moved this week to cut health care coverage for its part-time workers, citing new options now available through health care exchanges under the Affordable Care Act.


To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.