MINNEAPOLIS, Minnesota —Retailer Target Corporation announced Thursday it will eliminate approximately 1,800 corporate roles, representing about 8 percent of its global headquarters workforce, as part of a major organizational restructuring, the Associated Press reported .

According to the Minnesota Star Tribune , the job cuts will include about 1,000 employees receiving layoff notices and 800 vacant positions being eliminated. Reuters said the move is aimed at streamlining operations, accelerating decision-making and improving the retailer’s lagging performance.

Incoming CEO Michael Fiddelke, who currently serves as chief operating officer, said in an internal memo that the company had grown too complex, with too many layers of management and overlapping duties that slowed innovati

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