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Target Cuts 1,800 Corporate Roles in Restructuring Push
23 Oct, 2025
Summary
- Target to eliminate 1,800 corporate roles, including 1,000 layoffs
- Incoming CEO Fiddelke cites complexity and slow decision-making
- Layoffs part of "enterprise acceleration" to simplify operations
In a major restructuring move, Target has announced plans to eliminate 1,800 corporate roles, including 1,000 layoffs and the elimination of 800 open positions. The cuts, revealed in a memo from incoming CEO Michael Fiddelke, mark the first significant round of layoffs at the Minneapolis-based retailer in over a decade.
Fiddelke, who is set to succeed longtime CEO Brian Cornell on February 1, 2025, cited the company's growing complexity and slow decision-making as the key drivers behind the layoffs. He described the cuts as a "necessary step" in building Target's future and enabling the progress and growth the company seeks.
