Target
About Target
Target is one of the largest retailers in the United States, offering a wide range of products across food and beverage, beauty and household essentials, apparel and accessories, home furnishings and decor, and more.
CEO: Brian Cornell
Year Established:
1902
Last Year's Revenue (in billions):
$93.9
Stock Symbol: TGT
Headquarters Location:
Minneapolis, MN
*As of 2023-11-20
Recent Layoff Information
Layoffs This Year
Layoffs Past 5 Years
Compared to Sector
Compared to Sector As a Percentage (layoffs/employees)
Are More Layoffs Expected?
Target has not yet made any public announcements about additional layoffs in 2024. The company's decision to have additional layoffs will largely depend on a number of factors, which include its financial performance, current market conditions, and overall strategic goals.
Reason for Layoffs
Target has been undergoing a transformation process in recent years to focus on growth opportunities such as e-commerce and international expansion. This process has involved streamlining operations, consolidating facilities, and implementing automation, which has led to a number of layoffs.
Articles
Target Layoffs Add to Retail Industry Struggles in 2023
November 20, 2023
The Great Pause: Inside the Fortune 500 Hiring Slowdown
December 29, 2023
When Snowflakes Turn to Severance Papers: The Most Grinchy Layoffs in Festive History
December 25, 2023
The Robot in the Room: AI and the Looming Shadow over 2024 Jobs
December 21, 2023
Our Top 10 Layoffs by Percentage in 2023
December 20, 2023
Unveiling the Stealthy World of Soft Layoffs
December 20, 2023
New Graduates Guide to Navigating the 2024 Workforce
December 18, 2023
Amidst Layoff Fog, Beacons of Hope: States with Sunshine in the 2024 Job Market
December 17, 2023
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[1]Layoff totals are the totals over the past year and not most recent round of layoffs. Totals will not be exact as it is not possible to track at that level of detail in real time. All information is gathered from SEC filings, WARN notices, news articles, social media posts, and users who post on our site. Layoffinsider uses various ai tools to help gather the data which is then reviewed by humans and cross checked for validity. If you suspect there is incorrect data then please reach out to us for prompt investigation. We want to be the number one trusted source for tracking layoffs.
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