Retail Shock: Target Slashes 1,800 Jobs — Is the Economy in Danger?
Target will cut about 1,800 corporate jobs, including 1,000 layoffs, in late October 2025—its largest reduction in a decade. Incoming CEO Michael Fiddelke cited slow decision-making and excess management layers. Target stock is down 30% this year as sales slump and consumer boycotts hit the retailer. Analysts expect weak holiday sales and continued discounting across U.S. retail.