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REPORTED · NEWSPublished Dec 10, 2025

Target Corporation Announces Major Layoffs Under New CEO

EMPLOYEES AFFECTED
180
EFFECTIVE DATE
Oct 24, 2025
180 OF 415,000 EMPLOYEES

What we know

Location: Minneapolis, MN.

Department affected: Corporate.

Based on news reporting.

Summary

Target Corporation is undergoing its first major layoffs in a decade, with 180 employees being let go as part of a restructuring effort under incoming CEO Michael Fiddelke. The layoffs are a response to the company's need to adapt to changing market conditions and improve operational efficiency. This significant workforce reduction reflects Target's strategic shift to better align with current consumer demands and economic challenges. The decision marks a pivotal moment for the retailer as it navigates a competitive landscape and seeks to enhance its long-term sustainability.

Target Corporation cut 180 jobs affecting its Corporate team as of October 24, 2025.

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
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T
Target CorporationTGT
Consumer Defensive · 415,000 employees
29
EVENTS TRACKED
27K
AFFECTED SINCE 2023
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CREATED DEC 10, 2025LAST UPDATED DEC 28, 2025