Target's chief executive, Brian Cornell, said Tuesday the retailer will cut several thousand jobs within the next two years as part of a $2 billion cost savings plan.
http://www.cnbc.com/id/102473872
2 replies (most recent on top)
What does 'circle the drain' mean? Buying stock back improves the share price because fewer shares will be available on the open market. Is that not good? It benefits all who own stock in your 401k's or personally. Sorry to hear about the layoffs... hopefully all will land on their feet.
And they are buying back stock. Target has begun to circle the drain.