MINNEAPOLIS – The giant Minneapolis-based Target retail chain will leave its major downtown offices in the 52-story City Center tower, the company announced. Hundreds of employees who had been working at home during the Co-Vid pandemic will continue working remotely. There will be no layoffs, the company emphasized. Target leases about a third of the City Center skyscraper, at 33 South Sixth Street, through the Ryan Company management firm. Target was leasing 985,000 square feet of office space. About one-third of Target’s 3,500 employees at City Center will be moved to other corporate space in the Twin Cities, but two-thirds will be at home in what the company called a “hybrid remote work model.” Unaffected is the corporate headquarters at nearby Target Plaza
City Center skyscraper. Already darker with Target employees instead working at home during the pandemic. Soon no Target presence at all.
Target profile
Target has been a retailing bright spot during the pandemic. Operating income from 1,900 stores has been in the $4 billion range. Chain-wide the company has 360,000 employees.