Target to Cut 1,800 Corporate Roles; 1,000 Laid Off

Target announced it will eliminate about 1,800 corporate positions — roughly 8% of its global corporate workforce — including about 1,000 layoffs and the elimination of roughly 800 open roles, concentrated at its Minneapolis headquarters. The cuts, which will hit managers at a higher rate than other employees, will not affect store or supply‑chain staff; those laid off will receive pay and benefits through early January and will be offered severance and support services. Incoming CEO Michael Fiddelke, who assumes the role on Feb. 1, said the reductions are needed to simplify a complex organizational structure, speed decision‑making and accelerate priorities in merchandising, store experience and technology. The restructuring comes amid years of stagnant or declining comparable sales, intense competition from Amazon, Walmart and Costco, a steep drop in Target’s share price this year, and backlash over pullbacks to diversity, equity and inclusion initiatives. Corporate employees were asked to work from home next week while the company finalizes details and will be notified of outcomes the following Tuesday.