MINNEAPOLIS (WCCO) – Target announced Thursday morning that the company would reduce its presence in downtown Minneapolis and move from the City Center, a decision that affects 3,500 employees, as well as neighboring companies.
The company says it will initiate a “Flex for Your Day” approach, allowing its employees to work virtually and on the spot, while sailing back to their headquarters later this year. As the hybrid work method requires less office space, the company has closed its operations in the city center. No employee was fired because of the decision.
At the end of last month, the company said it would delay returning to the location of its 12,000 HQ employees in downtown Minneapolis and Brooklyn Park. Originally scheduled to return in June, the decision was postponed until the fall of 2021. In all, Target operates in more than 3 million square feet of offices in all twin cities.
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Despite the pandemic, Target’s sales have exploded; at the end of the holiday quarter, the company’s annual sales had grown more than in the last 11 years combined. Online sales increased by $ 10 billion, as Target advocated same-day services and sidewalk collection.