Target Plans Layoffs of Over 800 Employees in Minnesota Amid Corporate Restructuring

Target is conducting a major restructuring that will result in the layoff of more than 800 employees in Minnesota, specifically 528 from its Minneapolis downtown location and 287 from Brooklyn Park, effective January 3, 2026. These cuts are part of Target's broader plan to eliminate approximately 1,800 corporate positions globally, reducing its workforce by about 8%, with a focus on leadership roles such as directors and managers to simplify operations and accelerate growth. The layoffs were communicated remotely, with some technical difficulties during HR calls, reflecting a broader trend of more impersonal and systematized layoffs in corporate America. Incoming CEO Michael Fiddelke emphasized that these changes are necessary to build the future of Target and improve company performance amid recent financial struggles, including a 21% drop in net income. Target's restructuring aligns with similar layoffs across major companies like Amazon and UPS, which are also cutting thousands of corporate jobs this year to streamline operations and focus on new priorities like AI. The company is also reconsidering remote work policies as part of its restructuring efforts.