Target cuts 500 jobs, invests more money in store staffing [FOX Business Network]
Target Corporation (TGT)
Last target corporation earnings: 3/3 06:30 am
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Source: FOX Business Network
Target on Monday took steps toward streamlining its retail model by putting more money toward frontline store employees while cutting about 500 office and supply chain jobs. The retail giant indicated in an internal memo seen by FOX Business that it will reduce the number of store districts – which are regions that Target stores are grouped into – to facilitate payroll for more workers and hours , as well as guest experience training for store staff. The news was first reported by CNBC. Target's layoff plans are expected to impact about 100 people at the store district level and about 400 across the company's supply chain sites, according to the internal email sent to employees by Chief Stores Officer Adrienne Costanzo and Chief Supply Chain and Logistics Officer Gretchen McCarthy. "We have already shared the news with team members directly impacted, and we'll be supporting them through this transition with a range of resources and benefits," the memo said. The change "fuels
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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 to cut 500 jobs as it continues restructuring efforts under new CEO Michael Fiddelke [Yahoo! Finance Canada]Yahoo! Finance Canada
- 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
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