Target to eliminate 1,800 corporate jobs as brand aims to rebuild
Share this @internewscast.com


Target announced on Thursday its intention to cut approximately 1,800 corporate jobs as part of a strategy to enhance decision-making processes and boost efforts to regain its dwindling customer base in the discount retail sector.

According to a company spokesperson, around 1,000 employees will receive layoff notifications next week, while the company also aims to eliminate about 800 open positions.

This reduction accounts for about 8% of Target’s global corporate staff, with most of the impacted employees based at its Minneapolis headquarters. The layoffs will not affect store personnel or employees in the sorting, distribution, and other supply chain areas.

Michael Fiddelke, the Chief Operating Officer slated to take over as Target’s CEO on February 1, informed staff of the impending cuts in a memo on Thursday. He also mentioned that more information would be provided on Tuesday and advised Minneapolis office employees to work remotely next week.

In his communication, Fiddelke, who has been with Target for 20 years, stated, “The complexity we’ve accumulated over time has been an obstacle. Too many layers and redundant tasks have delayed decisions, making it difficult to bring ideas to fruition.”

With nearly 2,000 stores across the United States, Target has struggled to compete with the likes of Amazon and Walmart, especially as inflation has led consumers to reduce discretionary spending. Customers have voiced concerns about disorganized stores and merchandise that fails to match the retailer’s traditionally chic yet budget-friendly image, which humorously earned it the nickname “Tarzhay.”

Fiddelke said in August when he was announced as Target’s next CEO that he would step into the role with three urgent priorities: reclaiming the company’s position as a leader in selecting and displaying merchandise; improving the customer experience by making sure shelves are consistently stocked and stores are clean; and investing in technology.

He cited the same goals in his message to employees Thursday, calling the layoffs a “necessary step in building the future of Target and enabling the progress and growth we all want to see.”

Target has reported flat or declining comparable sales — those from established physical stores and online channels — in nine out of the past 11 quarters. The company reported in August that comparable sales dipped 1.9% in its second quarter, when its net income also dropped 21%.

Share this @internewscast.com
You May Also Like

Archbishop Faces Allegations of Sexual Misconduct and Abuse of Authority

The Anglican Church of North America (ACNA) is facing a significant scandal…

NHS Doctor Sparks Curiosity with Bold ‘7’ Necklace at Tribunal

An NHS junior doctor, who caused controversy by stating she “would never…

Tragic Fatal Shooting: Keon King Charged with Murder in Kada Scott’s Death

The tragic case of Kada Scott, a young woman from Philadelphia, has…

Johnny Depp to Reprise Iconic Role as Scrooge in Upcoming ‘Christmas Carol’ Remake

Johnny Depp is poised for a potential comeback to the big screen,…

Inside Meghan Markle’s Home Life: Exclusive Insights on Parenting with Prince Harry

During a recent speaking event near her luxurious Montecito home, Meghan Markle…

Law Enforcement Unveils Specialized Taskforce to Locate Dezi

Determined to capture Australia’s most elusive fugitive, Dezi Freeman, the police have…

Newborn Faces Critical Health Crisis: Mother’s Heart-Wrenching Decision to Save Her Child

A mother from Utah underwent surgery to save her newborn son after…

UK Politics in Focus: Reeves Considers Revising Labour’s Key Manifesto Pledge

Discussions are underway involving Rachel Reeves concerning a potential breach of Labour’s…

Chilling Texts Unveiled: Miss USA Hopeful’s Cryptic Message to Alleged Kidnapper

Disturbing new details have emerged in the murder investigation of Kada Scott,…

Doctor’s Shocking Act: Petrol Pump Vandalism in Bold Just Stop Oil Protest

A doctor involved in a protest that involved damaging petrol pumps on…

Tragic Loss: ‘9-1-1: Nashville’ Star Isabelle Tate Passes Away at 23

Isabelle Adora Tate, a budding actress and songwriter who recently captured attention…

JD Vance Criticizes Jen Psaki’s Remarks on His Wife Usha

Vice President JD Vance has sharply criticized former White House press secretary…