New York (CNN) — Target will lay off 1,000 corporate employees and close 800 open roles — affecting roughly 8% of its global corporate workforce — the company said Thursday.

The layoffs and changes “set the course for our company to be stronger, faster and better positioned” for the future, incoming Target CEO Michael Fiddelke said in an email to employees.

Fiddelke will take over from veteran CEO Brian Cornell next year, the company announced in August.

The layoffs, which come ahead of the critical holiday shopping season, are the latest sign of struggles at the Minneapolis-based company. It has been been reeling from slumping sales and fierce blowback to its retreat on DEI programs.

Its decision to end some of those initiatives angered supporters of diversity and inclusion polici

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