Target to eliminate 1,800 corporate jobs (8%)
Target will eliminate about 1,800 corporate jobs — roughly 8% of its corporate workforce — by laying off about 1,000 employees and closing about 800 open roles, with impacted staff to be notified Tuesday, Oct. 28, 2025, and told to work from home next week. The cuts, concentrated at Target’s Minneapolis headquarters and not affecting in‑store associates, are described as a restructuring to simplify decision‑making and move faster rather than primarily to cut costs; those laid off will receive pay and benefits through Jan. 3 plus severance and support services.
Employment
Business & Economy
📌 Key Facts
- Target will eliminate about 1,800 corporate jobs, roughly 8% of its corporate workforce.
- The reductions consist of roughly 1,000 layoffs and the elimination of about 800 open corporate positions.
- Impacted corporate employees will be notified on Tuesday, Oct. 28, 2025; Target instructed corporate staff to work from home in the days leading up to notifications.
- Those laid off will receive pay and benefits through Jan. 3, 2026, along with severance packages and support services.
- Target said the restructuring is intended to simplify decision-making and operations so the company can "move faster," rather than being primarily a cost-cutting move.
- The majority of affected roles are at Target’s Minneapolis headquarters; in-store store associates are not affected by this restructuring.
- Background context: CEO Brian Cornell announced his resignation with the COO slated to take over in 2026; Target reported Q2 comparable sales down 1.9% and net income down 21%.
📰 Sources (4)
Target to send out layoff notices to 1,000 employees on Tuesday
New information:
- Target will notify impacted employees on Tuesday, Oct. 28, 2025.
- A Target spokesperson told AP that the majority of affected roles are at the Minneapolis headquarters.
- Background context added: CEO Brian Cornell announced his resignation with COO slated to take over in 2026; Q2 comparable sales -1.9% and net income -21%.
Target cutting 1,800 positions, 1,000 employees set to be laid off
New information:
- Target told corporate staff to work from home next week and said employees will be notified of their status on Tuesday.
- Those laid off will receive pay and benefits through Jan. 3, plus severance packages and support services.
- Target said the restructuring aims to simplify decision-making and operations to "move faster," not primarily to cut costs.
- In-store associates are not affected by this restructuring.
- Breakdown reaffirmed: about 1,000 employees will be laid off and 800 open positions will be closed.
Target to eliminate about 1,800 corporate jobs, or about 8%
New information:
- Layoffs specifically target corporate jobs rather than broader categories.
- The cuts equal about 8% of Target’s corporate workforce.
- Confirms total of about 1,800 positions eliminated.