Target Corporation has announced a major restructuring, cutting approximately 1,800 corporate roles, including 1,000 current employees and 800 unfilled positions. This move, led by incoming CEO Michael Fiddelke, aims to streamline operations, increase efficiency, and prepare Target for the evolving retail market. The layoffs are primarily at the Minneapolis headquarters and reflect a strategic effort to make the company faster, leaner, and more focused. Analysts say this is one of the boldest transformations in years, and investors are watching closely to see if this will restore momentum and long-term confidence. Stay updated on this Target layoffs 2025 news and learn what this means for employees, investors, and the retail industry.