Target is eliminating 1,800 corporate jobs
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Target will cut 1,800 corporate jobs, the US retail giant told employees on Thursday, as the struggling company pushes to reverse four years of stagnant sales. The layoffs, to be rolled out next week, mark the retailer's first major downsizing in a decade and will slash roughly 8% of its global corporate workforce.
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Target Cuts 2K Jobs, Including 1K Layoffs, Amid Anti-DEI Backlash, Continuing Sales Slump
Target announced it is laying off 1,000 employees and leaving hundreds of other positions unfilled as the company continues to struggle financially.
The company’s incoming CEO announced the layoffs and elimination of vacant positions. Target will cut 1,800 jobs, citing stagnant sales and economic challenges. “The complexity we’ve created over time has been holding us back,
Target also recently announced it would cut 1,800 corporate jobs as it looked to reverse years of stagnant sales
Target ( TGT) is eliminating 1,800 roles as the company works through an ongoing sales decline, with incoming CEO Michael Fiddelke set to take the helm next February.