Over the past year, Target has found itself at the center of a deep backlash and bankruptcy over a series of controversial business decisions that have fueled political controversy. The fallout took a toll on the company’s finances, leading to several sales hits.
Now, the seller is making another Bold Move, but this person can completely rebuild their business.
Target is eliminating 1,800 organizational roles, including 1,000 positions and 800 non-position positions, according to a company memo sent to employees by COO Michael Fiddelke.
This latest round of cuts represents about 8% of the target workforce and marks the biggest reduction in a decade. Affected employees will be notified on October 28.
“The truth is the unity we have created over time has been holding us back. Too many layers and bright work has reduced decisions,” Ciddelke wrote in making decisions.
This major overhaul comes as Fiddelke prepares to take over as CEO of Target in February 2026. He also led the business acceleration office, a multi-year effort to streamline the company’s business processes and data to accelerate growth.
“I want to express my full confidence in his leadership and focus on achieving improved results and sustainable growth,” Corge Cornell said in a statement. “He has been meaningfully dedicated to times of change and played a key role in establishing differentiated capabilities that will continue to drive our business forward with a real commitment to accelerating our development.”
This program aims to bring back the goal of Slowdown towards many aspects of its business in these different areas.
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In the second quarter of FICSAL 2025, the target (TGT) reported a decrease of almost 1% from the previous year, with comparable sales falling almost 2%. Its stock also hit a more than 30-year low as of October 24.
Despite many attempts to change the business around, the seller expects sales to continue in the full year of 2025.
The labor market has weakened as rising prices, rising costs, and economic uncertainty have made the job hunt more difficult. For many workers, long-term unemployment is no longer sustainable, adding financial pressures.
According to the US Bureau of Work Statistics ‘Sticity Statistics’ Sticists ‘Sticistics Sticis, 911,000 Jobs fewer than expected in the 12 months to March 2025, signaling a significant decline.
In August, only 22,000 new payrolls were registered, and the unemployment rate rose to 4.3%, the highest rate in nearly four years.
“Although we have not seen extensive construction, the hiring rate is very low, so those who have lost their jobs or are new entrants to the labor market are finding it difficult to follow new positions.
A study conducted by the Harvard Business School says that they depend on LasFofts to reduce short-term economic flows that tend to fail and have hidden costs that make companies less profitable, innovative, and productive.
While Target does not explicitly state that layoffs are a cost-cutting measure, many companies adopt similar strategies during times of financial crisis to redirect resources to more profitable areas. The latest Target effort to require heavy investment and declining sales, the cuts can be linked to broader financial challenges.
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This story was originally reported by Thestreet on Oct 25, 2025, where it appeared first in the category Shopping. Add Thestreet as your favorite source by clicking here.
