Target Corporation Announces Major Layoffs Under New CEO
SOURCENews reportView the filing ↗
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 in MN affecting its Corporate team as of October 24, 2025.
LayoffTalk has tracked 24 layoff events at Target Corporation since December 2023, including 492 jobs documented in official WARN filings, with 20 additional events known from news reporting.
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