Beauty Industry

Target to Cut Over 1,500 Corporate Jobs

This is the retailer’s first major layoff in about ten years.

October 27, 2025

Assistant Editor

According to Reuters, Target has plans to cut around 1,800 corporate roles in its first major layoff in about a decade. These plans aim to reverse years of stagnant sales and simplify its operations.

Company shares are down by nearly a third so far this year, and have grappled with 11 consecutive quarters of weak or declining comparable sales. Target also faces pressure from U.S. tariffs on foreign imports.

Target has been fighting a sales slump, as it tries to rebound from declining store traffic, inventory troubles, and customer backlash.

Its shares have fallen by 65% since its all-time high in late 2021.

The upcoming CEO, Michael Fiddlke, made the announcement in an internal memo.

Fiddelke said in his memo,

“Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life. It’s a necessary step in building the future of Target.”

The decision will affect about 8% of its corporate workforce, including the closure of 800 open positions.

The cuts, which will impact managers more than individual contributors, do not affect store or supply chain roles. Affected employees will be notified this week.