If you think that you are going to come in next week get your layoff notice, pack up your desk and head to the bar I think you are in for a rude awakening.
If the Canada (US Team Member) layoffs were any indication, what is going to happen is that they will tell you your position has been eliminated and that they expect your last day to be on or around X date (a future date). You will have to stay with Target and continue working until that date comes in order to get your severance. It sucks big time because you can't go out and get another job because you wouldn't be able to leave Target and get your severance if you leave early.
This is what they are banking on, they want people to leave on their own accord so that they don't have to pay out massive severance amounts.
Best of luck to everyone next week. I just wanted to share this so people truly understand how things will likely happen.