Target Corp., based in Minneapolis, plans to reduce its corporate workforce by 1,800 positions. This includes about 1,000 layoffs and the removal of 800 open roles. The cuts represent about 8% of Target’s global corporate staff. All U.S. corporate employees have been told to work remotely next week. Target will notify affected employees on Tuesday, October 28, 2025.
CEO Michael Fiddelke said the restructuring is intended to improve operations and decision-making. Target has reported 11 quarters of flat or declining sales and has lost market share to Walmart, Amazon, and Costco. The last major corporate layoff at Target was in 2015, when 1,700 employees were laid off and 1,400 open positions were cut…