Target Announces Major Layoffs and Restructuring
Target Announces 1,800 Job Cuts in Restructuring Effort
MINNEAPOLIS – October 23, 2025 - Target Corporation today announced plans to reduce its workforce by approximately 1,800 roles, encompassing roughly 1,000 layoffs and the elimination of 800 open positions. The cuts primarily impact headquarters staff, who have been directed to work remotely next week as the restructuring is implemented.
The move comes as Target navigates a challenging retail environment marked by shifting consumer behavior and increased competition. Incoming CEO Michael Fiddelke, who will assume the role in February, informed employees that ”too many layers and overlapping work” were hindering decision-making and innovation. ”The complexity we’ve created over time has been holding us back,” he wrote.
Target has reportedly lagged behind competitors in attracting both shoppers and investors, as consumers increasingly prioritize lower-cost retailers and private-label brands, according to CNBC. Recent financial reports indicate a decline in sales,with customers focusing on essential categories like food,healthcare,and household staples,while discretionary spending on items such as apparel and home decor has decreased,as reported by PYMNTS.
Current CEO brian Cornell, set to step down early next year, stated the company is concentrating on efficiency and “disciplined investments” to address a more cautious consumer.
The restructuring reflects a broader trend in the U.S. retail sector toward leaner operations and data-driven strategies. Notably,Target,along with other major retailers,is scaling back seasonal hiring for the upcoming holiday season as a measure to control expenses and prepare for potentially subdued consumer demand,forbes reported.