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flag Target cuts 1,800 corporate jobs—1,000 layoffs, 800 open roles—as part of major restructuring.

flag Target is eliminating approximately 1,800 corporate jobs—1,000 layoffs and 800 open roles—about 8% of its global corporate workforce, as part of a major restructuring aimed at improving agility and decision-making. flag The move, the company’s first significant layoffs in over a decade, comes after 11 consecutive quarters of weak or declining sales, challenges in apparel and electronics, and increasing competition. flag Affected employees, primarily in the U.S., will receive pay and benefits through January 3, along with severance and support. flag The changes, led by incoming CEO Michael Fiddelke, target organizational complexity and overlapping roles, with leadership impacted at a higher rate. flag Store and supply chain operations remain unaffected.

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