(NEXSTAR) — Target is preparing to eliminate roughly 1,800 corporate positions, The Wall Street Journal and CNBC reported Thursday, citing an internal memo sent out by incoming CEO Michael Fiddelke.

The move impacts roughly 8% of the Minnesota-based retailer's global headquarters team, the memo said. Per The Wall Street Journal, 1,000 global corporate employees will be laid off, while 800 open positions will be cut. About 80% of........

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