Target layoffs
Major Companies Implementing Significant Layoffs in 2024: From Amazon to P&G
Oct 29, 2025 04:33 am CST
In 2024, numerous major corporations including Amazon, UPS, Target, and Microsoft have announced substantial workforce reductions, with Amazon cutting 14,000 corporate jobs alone. These layoffs reflect broader economic uncertainties, increased AI investments, rising operational costs from new tariffs, and corporate restructuring efforts. Many companies are redirecting resources from employment to infrastructure investments, creating significant anxiety across various sectors as workers face an increasingly unstable job market.
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.