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Target Layoffs

Target, a Minneapolis-based retail business, announced the layoffs of 600 employees Tuesday in the Twin Cities, the Star Tribunehttp://www.startribune.com/business/38457219.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUnciaec8O7EyUsr.
In addition to the cuts, Target announced they will not fill 400 open position, which makes the cut the largest in company history, said the Star Tribune.
Target will also close a distribution center in Arkansas, making the cuts go beyond just corporate jobs.
These layoffs go along with sales declines for nationwide retailers, the Star Tribune said.
According to the Star Tribune, layoffs at Target have been rare over the company's 47-year history.
The Pioneer Press lumped reports of the Target layoff in with layoffs at Best Buy Inc.
The combined loss at both retailers totaled 1,500 jobs, the Pioneer Press said.
The Pioneer Press cites cautious consumers in the unsteady economy as the cause of sales declines.
The Pioneer Press also reports that in 2008, Minnesota lost 55,400 jobs, and is expected to lose 60,000 in 2009. This is on pace with job loss nationally.