I used to work at this company and when I saw the news I felt sorry for all those who would be impacted.
The retailer intends to do what it can to place as many affected workers as possible in new Target locations
(from The Mercury News)
I hope there is some truth in this, however, I would not be surprised if in the end only a minimal number of employees manage to keep their jobs.
Good luck to everyone, whatever happens - there is life outside of Target!