Story perspectives

Target Cuts 1,000 Jobs Amid CEO Resignation

10/29/2025

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Summary

Story summary

Target announced approximately 1,000 corporate layoffs, about 8% of its workforce, primarily at the Minneapolis headquarters as part of a restructuring to streamline operations.
Laid-off employees will receive pay and benefits through January 3, 2025, along with severance packages.
This marks Target's first major layoffs in a decade and comes as Brian Cornell, Target's chief executive officer, resigns amid declining sales and stock prices.
Experts advise affected employees to leverage their network and enhance their skills to improve their job prospects in a challenging economy.

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Story summary

Target announced approximately 1,000 corporate layoffs, about 8% of its workforce, primarily at the Minneapolis headquarters as part of a restructuring to streamline operations.
Laid-off employees will receive pay and benefits through January 3, 2025, along with severance packages.
This marks Target's first major layoffs in a decade and comes as Brian Cornell, Target's chief executive officer, resigns amid declining sales and stock prices.
Experts advise affected employees to leverage their network and enhance their skills to improve their job prospects in a challenging economy.