Target to Cut 1,800 Corporate Jobs, With Major Impact on Minneapolis HQ

Target announced a major round of corporate layoffs on October 23, eliminating about 1,800 corporate roles as part of a company-wide restructuring effort. The move will significantly impact the Minneapolis–St. Paul metro area, where the retailer is headquartered and employs thousands in corporate positions.

Follow The Coffman Chronicle on NewsBreak for daily breaking political coverage.

According to internal company communications reported by multiple outlets, the cuts include roughly 1,000 current employees who will receive layoff notices. An additional 800 corporate positions—previously vacant—will be permanently removed from the company’s organizational structure.

Target said the layoffs are aimed at “simplifying operations,” reducing management layers, and speeding up internal decision-making as the company works to recover from declining sales and shifting consumer behavior.

While the company did not release a breakdown by location, the largest portion of Target’s corporate workforce is based in Minneapolis, meaning the Twin Cities will absorb most of the job losses. The layoffs mark Target’s most significant corporate reduction in roughly a decade.

Local economic analysts note that corporate cuts at major employers like Target can have a ripple effect across the metro area, particularly in nearby business districts, service-sector jobs, and the broader professional labor market. Minneapolis officials have not yet released a statement on the potential impact to the city’s economy.

The company said affected employees will receive severance packages and access to transition support programs as the restructuring continues into 2026.