Target Corporation announced on Thursday, October 23, 2025, that it will eliminate 1,800 corporate positions, representing roughly 8% of its global headquarters workforce. The layoffs include about 1,000 employee positions and the cancellation of 800 open roles. The announcement marks the retailer’s first major round of layoffs in a decade.
The cuts are part of a broader restructuring effort led by incoming CEO Michael Fiddelke, who will take the helm in February. Fiddelke has overseen the Enterprise Acceleration Office, which aims to streamline decision‑making and reduce organizational complexity. The layoffs are intended to accelerate initiatives designed to reverse stagnant sales and rebuild Target’s customer base.
Affected employees will receive pay and benefits through January 3, 2026, and will be offered severance packages. The move is expected to reduce costs and improve operational efficiency, positioning the company for a more agile and customer‑focused future. The announcement underscores Target’s commitment to restructuring its corporate structure to support long‑term growth.
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