Target Corporation Announces Job Cuts Amid Restructuring Efforts
SOURCENews reportView the filing ↗
What we know
Location: Minneapolis, Minnesota, USA.
Department affected: various departments including merchants and engineers.
Based on news reporting.
Summary
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 in MN affecting its various departments including merchants and engineers team as of April 25, 2026.
That is roughly 0.5% of the 415,000 people Target Corporation employs.
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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