Target(US:TGT) Zhi Tong Cai Jing·2025-10-24 01:33Core Viewpoint - Target (TGT.US) announced a reduction of 1,800 corporate positions, marking the second-largest layoff in the company's history, aimed at streamlining operations and returning employee numbers to levels seen three years ago [1] Group 1: Layoff Details - The layoffs will include 1,000 employees and the cancellation of approximately 800 vacant positions, representing about 8% of Target's global workforce [1] - Employees in the U.S. have been instructed to work remotely next week to facilitate the notification process [1] Group 2: Leadership and Strategy - Incoming CEO Michael Fiddelke stated in a memo that the company initiated efforts to accelerate its operations with a clear ambition earlier this spring [1] - Fiddelke emphasized that long-standing complexities have hindered progress, with excessive layers and overlapping roles delaying decision-making and making it harder to implement creative ideas [1] Group 3: Operational Goals - The restructuring aims to make Target's operations more agile [1]