Target is eliminating 1,800 corporate jobs

[edjr 6,880]

https://www.ksl.com/article/51394750/target-is-eliminating-1800-corporate-jobs-as-it-looks-to-reclaim-its-lost-luster

 

Quote

 

MINNEAPOLIS, Minn. — Target said Thursday that it is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer's customer base.

About 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs, a company spokesperson said. The cuts represent about 8% of Target's corporate workforce globally, although the majority of the affected employees work at the company's Minneapolis headquarters, the spokesperson said.

Chief Operating Officer Michael Fiddelke, who is set to become Target's next CEO on Feb. 1, issued a note to personnel on Thursday announcing the downsizing. He said further details would come on Tuesday, and he asked employees at the Minneapolis offices to work from home next week.

"The truth is, the complexity we've created over time has been holding us back," Fiddelke, a 20-year Target veteran, wrote in his note. "Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life."

Target, which has about 1,980 U.S. stores, lost ground to Walmart and Amazon in recent years as inflation caused shoppers to curtail their discretionary spending. Customers have complained of messy stores with merchandise that did not reflect the expensive-looking but budget-priced niche that long ago earned the retailer the jokingly posh 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, calling the layoffs a "necessary step in building the future of Target and enabling the progress and growth we all want to see."

"Adjusting our structure is one part of the work ahead of us. It will also require new behaviors and sharper priorities that strengthen our retail leadership in style and design and enable faster execution," he wrote.

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%.

The job cuts will not affect any store employees or workers in Target's sorting, distribution and other supply chain facilities, the company spokesperson said.

The corporate workers losing their jobs will receive pay and benefits until Jan. 3 as well as severance packages, the spokesperson said.

 

    Before Christmas? Ouch

[thegeneral 3,553]

End of October is a big time to can people for big corporations. Got to get those books looking good!

Amazon will be laying off 14k this week and another 16k just after New Years.

[weepaws 3,318]

Trumps liberal America, close the government, starve the people, lose jobs, more homeless families, Losing. 

[Maximum Overkill 2,400]

Target went Woke, and are paying for it dearly 

[seafoam1 3,401]

Unemployed ed doesn't feel as lonely anymore. 

[Mike Hunt 305]

32 minutes ago, Maximum Overkill said:

Target went Woke, and are paying for it dearly 

Been downhill ever since.  Sad as it was a thriving store.

[Maximum Overkill 2,400]

4 minutes ago, Mike Hunt said:

Been downhill ever since.  Sad as it was a thriving store.

Yup. Putting in that section for Trannies was their downfall 

[easilyscan 1,004]

UPS

48,000 employees have been laid off in 2025
Breakdown: This total includes approximately 14,000 management roles and 34,000 from the operational workforce.
Reason: The layoffs are a result of the company's efforts to restructure its business and cut costs.
Other actions: UPS has also closed 93 buildings during the first nine months of the year as part of these changes. 

That's 48,000 living wage jobs that pay good wages, healthcare insurance, etc.

With or without Trump, this country is going to end badly.

The only thing holding it up at this point is the stock market, where those of us lucky enough to participate, have done incredibly well.

 

[thegeneral 3,553]

2 hours ago, Maximum Overkill said:

Target went Woke, and are paying for it dearly 

Trump’s America. Start minting cryptocurrency! 

[lickin_starfish 2,001]

14 hours ago, edjr said:

https://www.ksl.com/article/51394750/target-is-eliminating-1800-corporate-jobs-as-it-looks-to-reclaim-its-lost-luster

 

    Before Christmas? Ouch

Christmas is layoff season.