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Just Another Day in Retail-475 Layoffs Courtesy of Target

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Target Corporation (NYSE:TGT) will terminate 475 positions worldwide and reframe from filling 700 open positions. In addition, Target will no longer be providing healthcare coverage to part-time employees. The retailer is going through a rough patch lately as result of the massive credit breach at their stores. Consumers are thinking twice about using their cards at Target locations. Sales could potentially be impacted by these decisions. Henceforth my opinion, why Target announced the job cuts. You want to be ahead of uncertainty, instead of walking blindly into it.