Target to slash 1,800 corporate jobs in bid for turnaround

Target will cut 1,800 corporate jobs, the US retail giant told employees on Thursday, as the struggling company pushes to reverse four years of stagnant sales.The layoffs, to be rolled out next week, mark the retailer's first major downsizing in a decade and will slash roughly 8% of its global corporate workforce."Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to…