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Target is cutting 1,800 roles across various teams and seniority levels, according to the memo. The move will include 1,000 layoffs and close out 800 open roles.
Target has been struggling to get out of a rut caused by soft demand and inventory missteps. It also faced a backlash after it stepped away from diversity policies earlier this year.
Target shares rose less than 1 percent in extended trading in New York. The stock is down more than 30 percent year-to-date, trailing the 15 percent…
