Legal News

Target Announces 475 Jobs Will Be Eliminated
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Target will be cutting 475 jobs from it’s global workforce, days after the discount retailer disclosed it would no longer offer health insurance to part-time employees. The decision to discontinue health benefits for part-time workers was months in the making and reflected a growing practice among large companies with big part-time workforce.

The announcement comes a month after Target reported a major breach of customer information. This breach happened during the busy Christmas holiday season. According to Target spokeswoman Molly Snyder, the cuts are unrelated to the breach. “We believe the decisions, while difficult, are the right actions as we continue to focus on transforming our business, we will continue to invest in key business areas to strengthen our ability to complete and thrive well into the future.” With Obamacare available and with the expansion of public healthcare including low-cost and often free Medicaid, companies will increasingly choose to not provide insurance to their part-time employees. In this case, the expense of health care costs for the employees moves from the corporate balance sheet, to the public balance sheet.

  
What
Where


Target said next to nothing on Wednesday, only that 475 positions had been eliminated worldwide because the company “continually assesses the operating model to ensure they are well-positioned to adapt to changing businesses needs.” Target has about 361,000 employees worldwide and more than 1,700 in the United States. Based in Minniapolis, Target is the second largest discount retailer in the United States. Its ranking is 36 no the Fortune 500 list of companies. For employment opportunities at Target, click here.



 

RELEVANT JOBS

Medical Malpractice Attorney

USA-CO-Denver

Hall & Evans, LLC, one of Denver\'s most recognized and respected law firms, is continuing its expan...

Apply now

Litigation Associate Attorney

USA-CO-Denver

Hall & Evans, L.L.C., one of Colorado\'s most established law firms, currently has an opportunity fo...

Apply now

Law Firm Office & Billing Administrator

USA-NY-New York City

The Law Offices of Patrick A. Mullin is a boutique tax defense and white-collar criminal defense law...

Apply now

Legal Secretary

USA-LA-New Orleans

A New Orleans litigation law firm is seeking an experienced Legal Assistant / Legal Secretary to und...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Senior Real Estate Partner-level Attorney

USA-NY-New York City

New York City office of a BCG Attorney Search top ranked law firm seeks Senior Real Estate Partner-l...

Apply Now

Senior Staff Products Liability and Mass Torts Attorney

USA-CA-Los Angeles

Los Angeles office of our client seeks Senior Staff Products Liability and Mass Torts Attorney with ...

Apply Now

Partner-level Products Liability, Consumer Class Actions Attorney

USA-CA-Los Angeles

Los Angeles office of our client seeks Partner-level Products Liability, Consumer Class Actions Atto...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top