US EditionTarget cuts 1,800 corporate jobs in its first major layoffs in a decade
- On Thursday, Target announced it is cutting about 1,800 corporate jobs, including roughly 1,000 layoffs and 800 unfilled roles, in a memo from incoming CEO Michael Fiddelke to Target headquarters.
- This year, Target has faced a sales slump and expects declines, while executives said accumulated complexity and too many layers slowed decisions, prompting Enterprise Acceleration Office efforts.
- On Tuesday, affected employees will be notified and will receive pay and benefits until January 3, while no roles in Target stores or supply chain were impacted.
- The cuts amount to roughly an 8% reduction to Target corporate workforce, with Michael Fiddelke saying the changes are necessary to help Target move with urgency.
- The move comes as the company nears a leadership transition after naming Michael Fiddelke, incoming CEO, amid Target shares falling about 65% since late 2021.
251 Articles
251 Articles
Target to cut 1,800 corporate roles in turnaround effort | Honolulu Star-Advertiser
Target is cutting around 1,800 corporate roles in its first major layoff in around a decade as the retailer looks to reverse years of stagnant sales and simplify its operations.
Target announced layoffs of 1,800 employees to improve efficiency and tackle stagnant sales: here we tell you who are the most affected
Woke Target Suffers Another Blow - Hundreds Laid Off, Hundreds More Open Jobs Cut - Comes on Heels of Ad Pushing Karl Marx on Women
Target just can’t get it right. After disgusting clothing lines pushing transgender ideology on children resulted in a boycott in 2023, one would think that the company would keep their […] The post Woke Target Suffers Another Blow - Hundreds Laid Off, Hundreds More Open Jobs Cut - Comes on Heels of Ad Pushing Karl Marx on Women appeared first on The Western Journal.
Target Cut DEI, Faced A Boycott, Now 1,800 Employees Are Out Of Work
Source: Erik McGregor / Getty Target announced Thursday, Oct. 23, that it will cut 1,800 corporate jobs as the retailer struggles to reignite growth after almost four years of slumping sales and ongoing protests tied to its rollback of diversity, equity, and inclusion (DEI) initiatives.According to CNBC, the cuts were disclosed in a note from incoming CEO Michael Fiddelke to employees at the company’s Minneapolis headquarters. The reduction incl…
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