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Target cuts 1,800 corporate jobs in its first major layoffs in a decade
CNBC· 2025-10-24 04:12
A Target logo is displayed outside one of their stores on August 2, 2025 in San Diego, California.Target said on Thursday it's cutting 1,800 corporate jobs as the retailer tries to get back to growth after four years of roughly stagnant sales.It marks the first major round of layoffs in a decade for the Minneapolis-based retailer. It announced the layoffs in a memo sent by Target's incoming CEO Michael Fiddelke to employees at its headquarters.The eliminated roles are a combination of about 1,000 employee l ...