Target Lays Off 150 From its Corporate Staff in Twin Cities

Target laid off 150 corporate workers at its Minneapolis-area headquarters on Wednesday, about 1 percent of its local workforce, as executives tackled inefficiencies at a time of growing uncertainty about shoppers’ behavior. Many retailers, including Target, have lowered their financial expectations for the rest of the year, citing a tougher-than-expected spending environment. Target said last month that it would employ fewer seasonal workers over the holidays than it did last year, about 70,000 now compared with 88,000 during the 2012 holiday season.