Target is laying off about 1,000 corporate employees and cutting another 800 open roles

• Target is laying off 1,000 corporate employees and cutting 800 open roles.
• The layoffs affect 8% of Target's global headquarters team, aiming to simplify workflows.
• "The truth is, the complexity we've created over time has been holding us back," Michael Fiddelke said.

Target is laying off around 1,000 corporate employees and cutting another 800 open roles, the company said Thursday.

The company said in a memo to staff that the roles being cut accounted for about 8% of its global headquarters team.

Michael Fiddelke, Target COO and incoming CEO, said in the memo that the changes were intended to help the company move faster and simplify workflows.

"The truth is, the complexity we've created over time has been holding us back," he said. "Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life."

This story is breaking. Check back for updates.

Read the original article on Business Insider