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REPORTED · NEWSPublished Feb 11, 2026

Target Corporation Cuts 500 Jobs Following CEO Leadership Changes

EMPLOYEES AFFECTED
500
SHARE OF WORKFORCE
~0.1%
EFFECTIVE DATE
Jan 1, 2026
500 OF 415,000 EMPLOYEES

What we know

Based on news reporting.

Summary

Company has announced the layoff of 500 employees as part of a restructuring following a leadership shake-up under the new CEO. This decision reflects the company's efforts to streamline operations and adapt to changing market conditions. The layoffs are expected to impact various roles within the organization, although specific departments and locations have not been disclosed. The move comes as Company aims to enhance efficiency and focus on strategic priorities in the coming years.

Target Corporation cut 500 jobs as of January 1, 2026.

That is roughly 0.1% of the 415,000 people Target Corporation employs.

LayoffTalk has tracked 29 layoff events at Target Corporation since October 2023, affecting a combined 10,966 employees.

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SOURCE
News reporting
View original source ↗
T
Target CorporationTGT
Consumer Defensive · 415,000 employees
29
EVENTS TRACKED
27K
AFFECTED SINCE 2023
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CREATED FEB 11, 2026LAST UPDATED JUL 4, 2026