The Economic Times

Target layoffs 2026 explained: Why are 500 jobs cut after new CEOs leadership shake-up? Here's which roles and departments are affected

Target layoffs 2026: Target is cutting 500 jobs as new CEO Michael Fiddelke reshapes the company. These layoffs aim to improve the in-store guest experience and drive growth. The retailer will consolidate store districts and streamline its supply chain. Savings will be redirected to store operations and employee training. Leadership changes are also underway as Target works to revive sales.