October 23, 2025 - Target to cut 1,800 corporate jobs in major restructuring move

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October 24, 2025 - Target Corporation has announced a sweeping corporate restructuring, stating it will cut approximately 1,800 corporate roles globally, around 8 % of its corporate workforce.

October 23, 2025 - In his message to employees, Fiddelke described the move as necessary to make Target more agile. “The truth is, the complexity we’ve created over time has been holding us back,” he wrote. “Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life.” · Fiddelke, who has served as chief operating officer and previously as chief financial officer, is set to succeed long-time CEO Brian Cornell on February 1. His restructuring push follows months of internal review under the company’s Enterprise Acceleration Office, an initiative launched in May to improve efficiency, technology use, and decision-making speed.

October 23, 2025 - Target is cutting 1,800 positions as part of a company-wide restructuring. The move includes laying off around 1,000 corporate employees and eliminating 800 open roles that will no longer be filled.

October 30, 2025 - “It looks to me like retail, in its broadest sense, is one of the sectors that seems to be restructuring.” A report from Challenger, Gray & Christmas earlier this month found job cuts in retail tripled through September compared to the same period last year. Amazon leads the evolution, Challenger says. The New York Times last week reported Amazon’s investments in automation may result in robots replacing more than 600,000 human jobs by 2033. One of Target’s top priorities under Fiddelke is to use technology for more efficient operations.

October 24, 2025 - Target, which has been struggling with sales in recent years, is eliminating 1,800 roles or about 8% of the company’s global HQ team, in a restructuring aimed to reduce “layers and overlapping work,” according to a memo seen by ABC News.

October 24, 2025 - Target Corporation announced a major restructuring plan on Friday. The company said it will cut about 1,800 corporate jobs as part of a plan to speed up decision-making, improve profits, and prepare for long-term growth, as per GuruFocus.

October 24, 2025 - After years of rapid growth and wide store expansion, Target Corporation is trimming its own ranks. Incoming CEO Michael Fiddelke announced plans to cut 1,800 corporate jobs as part of a broad restructuring.

October 24, 2025 - Incoming CEO Michael Fiddelke cites need to streamline, revitalize organization

October 23, 2025 - About 8 percent of global corporate positions will be eliminated, wrote Michael Fiddelke, Target’s incoming chief executive and currently the chief operating officer, in a memo distributed to corporate employees.

October 27, 2025 - Target’s shares have decreased by 65% since its all-time high in late 2021 due to the challenges and backlash, according to CBNC. Fiddelke said, “Adjusting our structure is one part of the work ahead of us.

October 28, 2025 - This significant workforce reduction marks Target's largest in a decade and highlights the company's urgent response to prolonged sales challenges and intensifying competition. We'll examine how this decisive restructuring effort could reshape Target's investment narrative, with a particular focus on operational efficiency and leadership transition.

October 28, 2025 - Target lays off 815 employees in Minneapolis area, signaling a major restructuring as the retailer prepares for new CEO Michael Fiddelke in February.

August 22, 2025 - The restructuring will be concentrated at Target's headquarters locations and focus on driving leaner, more efficient capabilities, removing complexity and allowing the organization to move with greater speed and agility. This includes the establishment of centralized teams based on specialized expertise and the elimination of several thousand positions over the next two years.

June 7, 2022 - MINNEAPOLIS , June 7, 2022 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced a set of actions to right-size its inventory for the balance of the year and create additional flexibility to focus on serving guests in a rapidly changing environment.

June 7, 2022 - MINNEAPOLIS, June 7, 2022 /PRNewswire/ ... a set of actions to right-size its inventory for the balance of the year and create additional flexibility to focus on serving guests in a rapidly changing environment....

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October 24, 2025 - Target (TGT) is eliminating 1,800 roles as the company works through an ongoing sales decline, with incoming CEO Michael Fiddelke set to take the helm next February.