Unfortunately, this has also meant whole teams of people not making decisions. Couple that with the over-confidence in their market position they demonstrated over the past five years means this was coming.
Target was bloated. They had buildings full of people not "doing" much. This cut was coming. Unfortunately, some good people were cut. They'll be hired quickly by others. For the rest, I'm sure Mark Dayton, with all his business success and success as governor will have a plan. Or not. Considering MN is last in private employer growth, has seen a number of large companies go through massive, albeit unreported layoffs, and Medtronic LEFT the state and country to get out of huge corporate tax rates.
I've worked with Target for years. I found them very difficult to work with and the lack of decision making was stunning. Wal-Mart, in comparison, made decisions, didn't string along vendors and suppliers and has always dealt fairly in their negotiations. They understand they will only be successful if their suppliers are profitable as well.
“They have meetings to determine the next meetings and “collaboration” has been a big part of the Target culture.”
This is called “group decision making avoidance.” (Also called we can’t make a decision even if it bites us on the a$$.”) I once worked for a company that had this “culture.” After nine years, bleeding it’s parent company it got sold to a foreign entity and everyone lost their job. And now the parent company is no more as well as a direct result of their “funding” of the company for whom I worked. Endless “meetings” are a death knell for a company.