Target Lays Off 140, Eliminates 50 Other Jobs

Target announced Wednesday that it's laying off 140 headquarters-based employees and eliminating another 50 jobs as part of a corporate restructuring. Most of the jobs being eliminated are part of the company's Business Performance Optimization Center of Excellence and "were places we identified redundancies or opportunities for greater efficiencies," Target spokeswoman Molly Snyder said in a statement. Snyder said the cuts aren't connected to the announcement Monday that the company is selling its in-store pharmacies to CVS Health for about $1.9 billion.