Hundreds of Minnesota Target Employees Face Layoffs in Restructuring Notices
Target, a major retailer, is undergoing a significant restructuring that will result in layoffs for over 800 employees in Minnesota. The company recently filed documents with the state’s employment department detailing its plans.
Details of the Layoffs
The layoffs will affect the downtown Minneapolis location, where 528 employees will be let go, and 287 employees will lose their jobs at the Brooklyn Park branch. Target has confirmed that these changes will take effect on January 3, 2026.
Departments Affected
- Associates
- Assistants
- Managers
- Directors
The notice specifies that the layoffs will impact multiple departments within the company.
Restructuring Strategy
In total, Target plans to eliminate approximately 1,800 corporate positions, leading to about an 8% reduction in its global workforce. Alongside the layoffs, around 800 job openings will not be filled, which contributes to the overall workforce reduction.
Statement from Incoming CEO
Michael Fiddelke, the newly appointed CEO, communicated the changes to employees, stating that the restructuring aims to enhance efficiency and speed in operations. He acknowledged the challenges this decision presents to the team but emphasized its necessity for Target’s future growth and progress.
Performance Context
This restructuring follows Target’s reporting of a 21% decline in net income for the quarter ending August 2. These ongoing challenges have prompted a reevaluation of corporate strategies.
Return to Office Mandate
Earlier this year, the company required employees in its commercial unit to return to in-office work for at least three days each week. This policy also reflects Target’s transition strategy amid broader workforce changes.
As Target moves forward with its restructuring plan, the affected employees face an uncertain future, as the company aims to redefine its operational approach and improve financial performance.
