Last month, Wesfarmers announced up to 167 Target and Target Country stores would shut or be converted to Kmart stores. The company told the ABC it expected aThe department store last week announced 90 head office jobs would be cut as it tries to get through the coronavirus sales downturn.The 170-year-old retailer called in administrators in December and by March had reduced from 66 to 44 stores and cut employee numbers from more than 1,800 to around 1,300.
The big four professional services firm announced it would be cutting 400 staff from its financial advisory, consulting and support sectors of the business, representing around 5 per cent of its Australian workforce.Another member of the big four, Deloitte announced the COVID-19 pandemic had caused a significant drop in revenue and operating profit, meaning it would cut 700 people from a staff of 10,000 in Australia.