Overview
- About 1,000 corporate employees will be laid off and roughly 800 vacant roles will be closed, equal to about 8% of Target’s global HQ workforce.
- Notifications to affected staff are scheduled for Tuesday, with U.S. headquarters employees asked to work from home next week during the transition.
- Store and supply‑chain positions are not included in the reductions, according to the company.
- Impacted employees will receive pay and benefits into early January along with severance and support services.
- Incoming CEO Michael Fiddelke, who takes the helm in February, framed the move as part of an acceleration plan to remove layers that slow decisions.