Target plans to hire 100,000 seasonal workers for the holidays, joining other retailers who are ramping up their staffing for the busy season. The additional workers will help Target meet the increased demand in its stores and warehouses across the United States.
The level of hiring this year is consistent with what we saw last year. This means that companies are still confident in the economy and are continuing to invest in new employees. This is good news for job seekers, as it means there are plenty of opportunities out there.
Walmart Inc. announced on Wednesday that it plans to hire around 40,000 mostly seasonal workers for the holiday shopping period. This is significantly fewer than the 150,000 permanent employees that Walmart said it was looking for last year.
Target's hiring plans come as it and other U.S. retailers are contending with changes in buying behavior. While demand boomed for much of the Covid-19 pandemic, it has since weakened as inflation has pushed consumers to limit their spending.
The Minneapolis-based company reported in the latest quarter that a glut of inventory sank profit further than it expected, reflecting the change in consumer spending. The company’s response is in the hands of Chief Executive Brian Cornell, who agreed to stay in his role for an additional three years earlier this month.
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