Overview
- About 1,000 employees will be laid off and roughly 800 open roles will be closed, totaling around 8% of Target’s corporate workforce.
- Affected employees are set to be notified on Tuesday, Oct. 28, after all U.S. headquarters staff work from home next week.
- Store and supply-chain positions are not included, with managers impacted at roughly three times the rate of other employees.
- Those losing jobs will receive pay and benefits through Jan. 3, 2026, along with severance packages and support services.
- Most impacted roles are based in Minneapolis, reflecting a broader reorganization tied to Fiddelke’s Enterprise Acceleration effort following years of sales pressure.