Target to layoff 1,000 and cut hundreds of open roles ahead of new CEO starting job
Target will cut about 1,000 corporate jobs and eliminate 800 open roles to streamline decision-making and accelerate growth under incoming CEO Michael Fiddelke.
Target's next CEO shares his 3 top priorities in returning to growth
Fiddelke will become Target CEO in February 2026 to accelerate performance by simplifying processes, using technology and data, and reclaiming merchandising authority amid slowing sales.