MINNEAPOLIS — Target Corp. announced Thursday it will eliminate roughly 1,800 corporate positions, the largest workforce reduction in nearly a decade. Company leaders said the cuts come as part of a broader effort to streamline operations while addressing the combined impacts of consumer boycotts triggered by the rollback of DEI initiatives and rising tariffs on imported goods that have squeezed profit margins.
The reductions include 1,000 current employees who will receive layoff notices and 800 open positions that will not be filled. Management and leadership roles are expected to be hit hardest, while store and supply-chain employees are not affected.
Incoming CEO Michael Fiddelke, who takes over in February, said the restructuring is aimed at simplifying decision-making and accelerating innovation. “Too many layers and overlapping work have slowed decisions,” he said. “This is the first step toward a leaner, faster, more agile Target.”…