Target Cuts 1,800 Corporate Jobs to Streamline Operations and Rebuild Customer Base

Oct 24, 2025 04:48 pm CST

Target announces elimination of 1,800 corporate positions as part of strategic restructuring to remove organizational complexity and accelerate growth initiatives. Incoming CEO Michael Fiddelke cites excessive layers and overlapping work as barriers to implementing new ideas in the retailer's efforts to regain market share from competitors like Walmart and Amazon.