A couple of things:
1) Money is set aside for Target Canada employees at all levels (mostly salaried people). They get a piece of that small pie, not job opportunities in the states. Target's strategy in Canada is abandoning a sinking ship. They'll save the women and children, have the orchestra continue to play music to keep them calm, but in the background they are screaming to GTFO as soon as possible. For American STLs/ETLs that went north, there may be a transition plan back to the states, but not for Canadian folks. With ETL turnover in some markets, they'll have a job - just depends on the ETL if they want to take it.
2) Articles and news reports on cuts point to corporate jobs being the first to get cut. I think it's safe to say that no one is immune from being let go.