Target trims 500 roles, realigns districts under new CEO
Target will restructure parts of its organization and cut about 500 positions—roughly 400 in its supply chain and 100 at store districts—to streamline the field structure and reinvest in stores with more labor, hours, and guest-experience training. No store-level jobs will be cut, though some regional offices will close. The changes, announced as new CEO Michael Fiddelke begins leading the company, aim to boost efficiency and growth ahead of earnings due March 3.