Target Announces Layoffs of 1,800 Corporate Roles in Major Restructuring
Oct 23, 2025
Target is cutting 1,800 positions as part of a company-wide restructuring. The move includes laying off around 1,000 corporate employees and eliminating 800 open roles that will no longer be filled.
This marks the largest round of layoffs Target has made in the past ten years and represents about 8% of its corporate workforce. The cuts are part of an effort to make the company more efficient and to help speed up decision-making.
The restructuring is being led by incoming CEO Michael Fiddelke, who is aiming to address slowing sales and simplify the company's operations.
Why is Target laying off employees?
Target is making these changes to improve efficiency, reduce complexity, and address stagnant sales.
Who is leading the restructuring at Target?
Incoming CEO Michael Fiddelke is leading the restructuring efforts.
Do the layoffs affect store employees?
The layoffs are focused on Target's corporate workforce, not store employees.
How many jobs are being cut?
Target is laying off about 1,000 employees and eliminating 800 open roles, for a total of 1,800 positions.
Sources
Target cuts 1,800 corporate jobs in its first major layoffs in a decade
CNBC
CNBC
Target said Thursday that it's cutting 1,800 roles across the company, or roughly 8% of its corporate workforce. It marks the largest round of layoffs at the company in a decade.
Target Plans to Lay Off Around 1,000 Employees
Barrons
Barrons
The move is part of incoming CEO Michael Fiddelke's efforts to revitalize the ailing retailer.
Target is laying off about 1,000 corporate employees and cutting another 800 ope...
Business Insider
Business Insider
Target is laying off around 1,000 corporate employees and cutting another 800 open roles, the company said Thursday. This story is breaking.
Target cuts 1,000 jobs, eliminates hundreds of open roles
Fox Business
Fox Business
Incoming CEO Michael Fiddelke leads Target's restructuring effort to reduce complexity and speed decision-making, cutting 8% of global headquarters team positions.
Target plans to lay off 1,800 employees, WSJ reports
Reuters
Reuters
Target plans to lay off around 1,800 employees as part of its strategy to reverse stagnant sales, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Target to Cut Around 1,000 Jobs
WSJ
WSJ
Retailer also will eliminate 800 open roles. Together, the moves will cut 8% of corporate roles
Target to layoff 1,000 and cut hundreds of open roles ahead of new CEO starting...
New York Post
New York Post
Target is cutting about 1,000 corporate positions and eliminating 800 open roles in an effort to speed up business decision-making and drive growth under its new chief executive, Michael Fiddelke.
Target plans to cut jobs as incoming CEO tries to fix ‘complexity': report
Market Watch
Market Watch
As Target prepares for a new era with Michael Fiddelke at the helm, the retailer is reportedly cutting jobs in an effort to reduce the “complexity” that its new CEO says slowed down the company.
Target to Cut 1,800 Corporate Jobs as It Struggles to Regain Momentum
PYMNTS
PYMNTS
Target Corp. said on Thursday (Oct. 23) that it will eliminate 1,800 corporate roles, or 8% of its headquarters workforce, in its largest restructuring in years, a move designed to streamline operations and reduce costs as it battles waning sales and investor skepticism.
Target's new CEO cuts 1,800 jobs, the first in a decade, to tackle ‘complexity'
Invezz
Invezz
The US retail giant Target announced on Thursday that it is cutting 1,800 corporate jobs, a significant and painful restructuring that marks the company's first major round of layoffs in a decade.
Target Stock Moves Higher After Corporate Layoffs
Schaeffers Research
Schaeffers Research
Struggling retail stock Target Corp (NYSE:TGT) is trading up 1.2% to trade at $95.42, after the company announced plans to layoff 1,800 corporate employees, or 8% of its workforce.
Target Restructures Workforce: Will the Bold Move Pay Off?
Zacks Investment Research
Zacks Investment Research
TGT plans to slash 1,800 corporate jobs to streamline operations and revive growth amid mounting retail competition.
Target layoffs will hit 8% of global corporate workforce: Why the retailer is sl...
Fast Company
Fast Company
Yesterday, Target Corporation announced news that no one wants to hear—especially just before the holidays.
Target to slash 1,800 corporate jobs to spur growth
Proactive Investors
Proactive Investors
Target Corp (NYSE:TGT) late Thursday revealed that it is eliminating 1,800 jobs across its organization, representing about 8% of its corporate workforce. The layoffs, which are largest round at the retailer in a decade, are part of Target's efforts to streamline decision-making and speed up initia...
Target is cutting 1,800 jobs in major restructuring
Bloomberg Markets and Finance
Bloomberg Markets and Finance
Target Corp. is eliminating about 8% of corporate roles in its first major restructuring in years, according to a memo viewed by Bloomberg News, as the retailer seeks to reduce complexity and regain its footing. The company is cutting 1,800 roles across various teams and seniority levels, accordin...
Target might be cutting jobs, but its ‘kitchen sink' moment hasn't hit yet
Market Watch
Market Watch
Wall Street analysts suggested the worst was still yet to come for Target. Molson, Amazon, Meta and GM are also trimming staff.
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