Target Layoffs Add to Toll

The giant retailer announces layoffs, but offers few details.

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On the heels of massive job cuts at several major corporations yesterday, Target said today it would be laying off employees at its corporate headquarters in Minneapolis, reports the Star-Tribune.

A Target spokeswoman would not offer details on the number of positions that would be eliminated. The company offered a statement. Here's an excerpt: "We believe the decisions we are making, though difficult, represent appropriate actions to manage our business and maintain our competitive advantage going forward."

Target says it will have more details later today after employees are informed. In the meantime, there are plenty of rumors on the web, including on this Twitter feed (apparently written by a TV anchor and radio host in Minneapolis).

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