Target to cut 500 jobs as it continues restructuring efforts under new CEO Michael Fiddelke [Yahoo! Finance Canada]
Target Corporation (TGT)
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Source: Yahoo! Finance Canada
Target ( TGT ) plans to eliminate 500 jobs in the near future as it continues to reshape the organization under new CEO Michael Fiddelke, who officially took over the company earlier this month. The memo, sent to employees by Target's chief stores officer Adrienne Costanzo and chief supply chain and logistics officer Gretchen McCarthy on Monday afternoon, said the cuts are an effort to double down on one of Fiddelke's key pillars , "elevating the guest experience" to drive growth. In order to do that, the company plans to consolidate store districts and standardize "the field operating model to reduce complexity." The announcement will impact 500 roles, including 100 at the store district level that are likely redundant and about 400 across its supply chain sites. Target Corporation (TGT) This announcement comes after Target shared plans to lay off 1,800 roles late last year, ahead of Fiddelke officially taking the top role. Those cuts were made up of 8% of Target's corpora
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TGT
News
- Target (NYSE:TGT) was given a new $103.00 price target on by analysts at Evercore ISI.MarketBeat
- Target Announces Executive Leadership Changes to Accelerate Growth, Confirms Q4 Financial GuidancePR Newswire
- Target Celebrates 10th Year of 1 Million Volunteer Hours, Deepens Community Vitalization Efforts for 2026 as Part of Company's Longstanding Commitment to CommunitiesPR Newswire
- Target just made a big change this weekend. Here's what to know [Yahoo! Finance]Yahoo! Finance
- Target Is Under Pressure, Not Overvalued [Seeking Alpha]Seeking Alpha
TGT
Earnings
- 11/19/25 - Beat
TGT
Sec Filings
- 2/10/26 - Form 8-K
- 2/5/26 - Form 8-K
- 1/22/26 - Form 8-K
- TGT's page on the SEC website