Tags: target | layoff

Target Plans to Lay Off 1,800 Employees

Target Plans to Lay Off 1,800 Employees

Thursday, 23 October 2025 04:28 PM EDT

Target plans to cut around 1,800 corporate roles as part of its strategy to reverse stagnant sales, The Wall Street Journal reported on Thursday, citing people familiar with the matter.

As of February 1, the company had about 440,000 employees.

The company's restructuring follows 11 consecutive quarters of weak or declining comparable sales, according to the report.

Target maintained its annual forecasts in the previous quarter owing to weak demand in its largely discretionary segments such as apparel and electronics items.

Around 80% of the corporate job cuts will affect U.S.-based employees, the WSJ report added.

Target did not immediately respond to a Reuters request for comment.

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
Target plans to lay off around 1,800 employees as part of its strategy to reverse stagnant sales, The Wall Street Journal reported Thursday.
target, layoff
107
2025-28-23
Thursday, 23 October 2025 04:28 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved