Location: Minneapolis, Minnesota, USA.
Department affected: various departments including merchants and engineers.
Based on news reporting.
Target Corporation has announced the layoff of approximately 2,000 employees as part of its ongoing restructuring efforts. The layoffs are set to take effect on October 1, 2023, and are aimed at streamlining operations and reducing costs in response to changing market conditions. This decision reflects the company's strategy to adapt to evolving consumer behaviors and economic challenges. The affected employees are primarily from various departments across the company's Minneapolis headquarters. Target's leadership emphasized the need for these cuts to ensure long-term sustainability and competitiveness in the retail sector.
Target Corporation cut 2,000 jobs affecting its various departments including merchants and engineers team as of October 1, 2023.
That is roughly 0.5% 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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Target Corporation cut 2,000 jobs on October 1, 2023. If you were part of this round, what was your experience? Others going through it are reading. You can post anonymously below.
Target Corporation cut 2,000 jobs on October 1, 2023. What did this look like from the inside — which teams, how much notice, what severance was offered? You can post anonymously below.
Target Corporation cut 2,000 jobs on October 1, 2023. If you were part of this round, what was your experience? Others going through it are reading. You can post anonymously below.
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