Downtown Minneapolis on Tuesday was bustling and bright red.
Hundreds of Target employees — donning signature red apparel for the annual all-company meeting — swarmed the streets and skyways. Their return marked the symbolic end of the work-from-home era for many of the retailers’ employees and scores of other Twin Cities workers.
Downtown Minneapolis’ civic boosters and businesses have long pined for this moment.
“It is an exciting week,” said Adam Duininck, CEO of the Minneapolis Downtown Council. “I’m really excited to see more red shirts and Target employees downtown.”
The mega retailer is downtown Minneapolis’ second-largest employer, just behind Hennepin Healthcare, and has long served as an emotional anchor for downtown life.
Target’s annual meeting Tuesday coincided with the start of the company’s return-to-office policy that will bring many headquarters employees back to Nicollet Mall three days a week. The mandate comes as employers throughout the metro area and across the country, from Ameriprise and Medtronic to JP Morgan and Amazon, call the rank-and-file back to their desks.
It’s a dramatic reversal from the Great Resignation of a few years ago, when jobs were plentiful, and employers eagerly granted signing bonuses and flexible work arrangements.
The job market has since cooled, giving employers more power and tying nervous workers to their current roles. U.S. employers added just 22,000 jobs in August, according to data the Labor Department released Friday. A routine revision Tuesday showed there were 911,000 fewer new jobs than previously thought during the 12 months ending in March, stoking fears of an economic downturn.