Target to Cut 1,800 Corporate Jobs — First Layoffs Since 2015

Key Takeaways

Target is laying off 1,000 corporate employees next Tuesday and cutting 800 open roles.

Target’s incoming CEO, Michael Fiddelke, sent staff a memo on Thursday afternoon informing them of the upcoming layoffs.

An anonymous Target employee said workers were in a state of “total panic” after receiving the memo as they tried to determine whether they were “essential” to the company.

Target on Thursday informed staff of its first major corporate workforce reduction in a decade as the retailer tries to revitalize growth after four consecutive years of sluggish sales.

According to The Wall Street Journal , the cuts affect approximately 1,800 positions, including 1,000 layoffs and 800 open roles. The move will reduce Target’s 22,000-person global corporate staff by around