Here & Now Here & Now

Support the news

Target To Lay Off Thousands, Restructure03:43
Download

Play
This article is more than 5 years old.

Retail giant Target has announced that it will lay off thousands of employees, mainly in the company's headquarters, as part of a restructuring plan that aims to save $2 billion over two years.

Retail analyst Sucharita Mulpuru of Forrester Research says there's competition for every dollar and. many large retailers are restructuring in order to be leaner and more competitive.

Guest

This segment aired on March 4, 2015.

Support the news

Support the news