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Target Announces 1,800 Job Cuts for Future Growth

10/24/2025

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Summary

Story summary

Target will cut about 1,800 corporate jobs, an 8% reduction and its first major layoffs in a decade.
The cuts affect about 1,000 employees and 800 unfilled positions, with store and supply chain roles unaffected.
Incoming Target CEO Michael Fiddelke says the move is necessary for growth after 11 quarters of weak sales, especially in discretionary categories.
Employees will receive pay and benefits through January 3, with severance.

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Story summary

Target will cut about 1,800 corporate jobs, an 8% reduction and its first major layoffs in a decade.
The cuts affect about 1,000 employees and 800 unfilled positions, with store and supply chain roles unaffected.
Incoming Target CEO Michael Fiddelke says the move is necessary for growth after 11 quarters of weak sales, especially in discretionary categories.
Employees will receive pay and benefits through January 3, with severance.