Target Layoffs Hit 1,800 Jobs, TGT Stock Falls
Target layoffs will eliminate 1,800 corporate positions as the retailer battles declining sales and mounting pressure on TGT stock. The Target layoffs 2025 plan cuts around 1,000 jobs directly while also removing 800 open roles, representing 8% of Target’s 22,000-person corporate workforce. Target stock has dropped 30% in 2025, making it among the worst-performing companies in the S&P 500 this year. Target Layoffs 2025 Shake Corporate Structure as TGT Stock Slips Source: CNBC The Target layoffs were announced Thursday affect primarily U.S.-based employees, with 80% of cuts hitting domestic roles. Incoming CEO Michael Fiddelke, who officially takes over in February, addressed the restructuring in a staff memo. Fiddelke had this to say: “The truth is, the complexity we’ve created over time has been holding us back. Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life.” Why Target Layoffs Are Happening Now Graph sh...