Summary
Retail giant Target announced plans to eliminate 1,800 corporate roles in October 2025, representing about 8% of its corporate workforce. This move is part of a major restructuring effort aimed at streamlining its corporate structure and addressing slowing sales.
Layoff Details
- Reason
- Restructuring, slowing sales, streamline corporate structure | First major restructuring in years
- Affected Departments
- CorporateCorporate jobs
Market Impact
Layoffs at Target contribute to the broader trend of job cuts in the retail sector, which is facing challenges from stubborn inflation, bleak consumer sentiment, and strategic shifts.
Industry Context
The retail sector is among the hardest hit industries, with companies like Target making significant workforce reductions ahead of the holiday season, a departure from previous years' hiring trends.
Stock Performance Around Layoff
Company Info
- Industry
- Discount Stores
- Headquarters
- Minneapolis, MN, United States
- Total Employees
- 440,000
- Stock
- TGT
- Market Cap
- $41.18B
Disclaimer
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