Target Corp. says 1,700 to be laid off, 1,400 open jobs eliminated in restructuring

Markets Associated Press

Target Corp. says it is laying off 1,700 workers and permanently closing out another 1,400 open positions.

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The announcement puts a number on last week's announcement that the company would eliminate several thousand jobs as part of a restructuring aimed at saving $2 billion in costs over the next two years.

Target spokeswoman Molly Snyder says the cuts will come primarily at headquarters locations in the Minneapolis area.