Target Is Eliminating 1,800 Corporate Jobs
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Target will lay off 1,000 corporate employees and close 800 open roles — affecting roughly 8% of its global corporate workforce — the company said Thursday.
Target is eliminating 1,800 roles as the company works through an ongoing sales decline, with incoming CEO Michael Fiddelke set to take the helm next February. In a memo to employ
Target is cutting 1,800 corporate jobs, including 1,000 layoffs and 800 closed roles, to address stagnant sales and streamline operations. Incoming CEO Michael Fiddelke cited excessive complexity and layers slowing decision-making.