Target to Cut 1,800 Corporate Roles
Retail giant Target has announced plans to eliminate about 1,000 current corporate jobs and scrap nearly 800 open positions, cutting roughly 8% of its global corporate workforce. The restructuring move is aimed at simplifying operations and improving efficiency.
CEO Cites Too Many Layers
Incoming CEO Michael Fiddelke, set to take over in early 2026, said the company’s structure has become too layered, slowing decision-making and innovation. He described the layoffs as a necessary step to make Target faster, leaner and better positioned for growth.
Layoffs Focus on Corporate Jobs
The cuts will primarily affect corporate and managerial staff, while store-level and supply-chain employees will not be impacted. Target confirmed that affected workers will continue to receive salary and benefits until early January and will be provided severance packages.
Strategy to Revive Growth
The company said the move is part of a larger strategy to boost competitiveness by enhancing store experience, strengthening digital channels and fulfilment services, and adapting more quickly to market changes. Analysts note this is Target’s first large-scale layoff in nearly a decade.
