Target Lays Off 1,700; Another 1,400 Jobs Going Unfilled

Target cut 1,700 people at its corporate offices in the Twin Cities on Tuesday, the largest downsizing of its headquarters staff ever. The retailer's top managers had set the company's employees on edge a week before by announcing plans to cut "several thousand" corporate jobs. On Tuesday, they lost no time in implementing their plan, with workers cut loose en masse.