Location: Minneapolis, Minnesota.
Department affected: corporate.
Based on news reporting.
Target Corporation has announced plans to eliminate 1,800 roles as part of a restructuring effort led by new CEO Michael Fiddelke. This decision comes as the retailer aims to reset its operations amidst ongoing struggles. The layoffs are part of a broader strategy to improve the company's performance and adapt to changing market conditions. While specific locations and departments affected have not been disclosed, the move reflects Target's response to challenges in the retail sector. The company is taking these steps to streamline operations and enhance efficiency in the face of economic pressures.
Target Corporation cut 1,800 jobs affecting its corporate team.
That is roughly 0.4% 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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Estimated figure based on news reporting. Not yet confirmed by Target Corporation.
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