Target cuts 500 jobs, invests more money in store staffing

Target on Monday took steps toward streamlining its retail model by putting more money toward frontline store employees while cutting about 500 office and supply chain jobs.

The retail giant indicated in an internal memo seen by FOX Business that it will reduce the number of store districts – which are regions that Target stores are grouped into – to facilitate payroll for more workers and hours, as well as guest experience training for store staff. The news was first reported by CNBC.

Target's...