Target Corporation to Cut 1,800 Corporate Jobs in Major Restructuring Push

Target Corporation (NYSE:TGT) announced a sweeping corporate restructuring that will eliminate about 1,800 positions, accounting for roughly 8% of its global headquarters workforce. The U.S. retail giant said the move, which includes cutting approximately 1,000 current roles and removing 800 open positions, aims to simplify operations and enhance decision-making speed amid ongoing financial challenges.

The restructuring was disclosed in an internal memo by Michael Fiddelke, Target’s incoming CEO, who is set to assume the role in February 2026. Fiddelke emphasized that the decision was driven by the need to address inefficiencies and overlapping responsibilities that have slowed innovation and execution across the organization. “Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life,” he stated, underscoring that the layoffs are part of a broader effort to strengthen operational agility and streamline corporate functions.

Most of the job reductions will affect managerial and support roles based in Target’s U.S. headquarters. The company said the initiative is part of a long-term turnaround plan designed to restore growth and improve profitability after a period of sluggish comparable sales and heightened investor pressure. Target, known for its strong presence in the American retail market, has faced growing competition and shifting consumer spending patterns in recent years, prompting calls for cost optimization and structural reform.

Industry analysts view the cuts as a strategic but challenging step for Target as it seeks to modernize operations, improve efficiency, and regain its competitive edge. The company’s leadership hopes the restructuring will pave the way for a leaner, more responsive organization better positioned to meet evolving customer demands and market dynamics.