Now where the idiots on this thread who swore up and down that this shit wouldn't work.
When you hurt their pockets, they'll throw in he white flag stepping down closing up their business.
We have the power to do that by boycotting.
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Target CEO steps down as company faces weak sales and customer boycott
Brian Cornell to be replaced next year as retailer navigates boycott over its scaling back of DEI initiativeswww.theguardian.com
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Target CEO to step down amid company struggles
Target has named an insider as its next chief executive officer. The announced on Wednesday comes as the discount retailer tries to reverse a persistent sales malaise and to revive its reputation as the place to go for affordable but stylish products.apnews.com
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Longtime Target CEO Brian Cornell Steps Down Amid Tariff Woes and DEI Boycotts
Longtime Target leader Brian Cornell exits as CEO; Michael Fiddelke steps in with a turnaround strategy to revive sales and restore growth.observer.com
@Big Tex
I just want to timestamp that yesterday I reduced my holdings in SoFI, Palantir and other stocks and further concentrated in TSLA @ $327. Lets see what the TSLA stock price is in a year and 2 years.
So the CEO fcuks up and the office workers gotta pay the price...Instead of oh, I don't know reinstituting their DEI initiatives (that more than likely weren't helping us) and apologizing. They're just gonna keep driving forward, STUCK in this ditch!?
Target cuts 1,800 corporate jobs in its first major layoffs in a decade
Published Thu, Oct 23 20254:12 PM EDTUpdated Thu, Oct 23 20255:04 PM EDT
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Melissa Repko@in/melissa-repko@melissa_repko
Key Points
In this article
- Target said Thursday that it's cutting 1,800 roles across the company, or roughly 8% of its corporate workforce.
- It marks the largest round of layoffs at the company in a decade.
- The retailer is fighting to get back to growth and poised to get a new CEO in February.
Follow your favorite stocksCREATE FREE ACCOUNT
A Target logo is displayed outside one of their stores on August 2, 2025 in San Diego, California.
Kevin Carter | Getty Images
Target said on Thursday it's cutting 1,800 corporate jobs as the retailer tries to get back to growth after four years of roughly stagnant sales.
It marks the first major round of layoffs in a decade for the Minneapolis-based retailer. It announced the layoffs in a memo sent by Target's incoming CEO Michael Fiddelke to employees at its headquarters.
The eliminated roles are a combination of about 1,000 employee layoffs and about 800 positions that will no longer be filled, a company spokesman said. Together, they represent an approximately 8% cut to Target's corporate workforce, according to the memo. Affected employees will be notified Tuesday.
The retailer announced the cuts as it nears a leadership change.
Target in August named Fiddelke, currently its chief operating officer and formerly chief financial officer, as the successor to longtime leader Brian Cornell. He takes the helm February 1.
Fiddelke has also overseen the Enterprise Acceleration Office, an effort announced in May, which looked for ways to simplify company operations, use technology in new ways and speed up Target's growth.
Target has been fighting a sales slump, as it tries to rebound from declining store traffic, inventory troubles and customer backlash. The company has said it expects annual sales to decline this year.
Its shares have fallen by 65% since their all-time high in late 2021.
Compared to retail competitors, Target draws less of its overall sales from groceries and other necessities, which can make its business more vulnerable to the ups and downs of the economy and consumer sentiment. About half of Target's sales come from discretionary items, compared to only 40% at Walmart, according to estimates from GlobalData Retail.
As a result of that and other company-specific challenges, Target's sales trends and stock performance have diverged sharply from competitors. Shares of Walmart are up about 123% in the past five years, compared to Target's decline of 41% during the same time period.
In a memo sent Thursday to employees at Target's headquarters, Fiddelke said the employee cuts will help Target make urgent changes.
"The truth is, the complexity we've created over time has been holding us back," he said in the memo. "Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life."
He said the cuts are difficult, but "a necessary step in building the future of Target and enabling the progress and growth we all want to see."
Target employees affected by the layoffs will receive pay and benefits until January 3, in addition to severance packages, according to a company spokesman. No roles in stores or in Target's supply chain were impacted by the cuts, the company spokesman said.
Read the full memo from Fiddelke:
Team,
This spring, we launched our enterprise acceleration efforts with a clear ambition: to move faster and simplify how we work to drive Target's next chapter of growth. The truth is, the complexity we've created over time has been holding us back. Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life.
On Tuesday, we'll share changes to our headquarters structure as an important step in accelerating how we work. This includes eliminating about 1,800 non-field roles — about 8% of our global HQ team. As we make these changes, I'm asking all U.S. HQ team members to work from home next week. Target in India and our other global teams will follow their in-office routines.
Decisions that affect our team are the most significant ones we make, and we never make them lightly. I know the real impact this has on our team, and it will be difficult. And, it's a necessary step in building the future of Target and enabling the progress and growth we all want to see.
Adjusting our structure is one part of the work ahead of us. It will also require new behaviors and sharper priorities that strengthen our retail leadership in style and design and enable faster execution so we can:
- Lead with merchandising authority;
- Elevate the guest experience with every interaction; and
- Accelerate technology to enable our team and delight our guests.
Put together, these changes set the course for our company to be stronger, faster and better positioned to serve guests and communities for many years to come.
Michael
So the CEO fcuks up and the office workers gotta pay the price...Instead of oh, I don't know reinstituting their DEI initiatives (that more than likely weren't helping us) and apologizing. They're just gonna keep driving forward, STUCK in this ditch!?
Target cuts 1,800 corporate jobs in its first major layoffs in a decade
Published Thu, Oct 23 20254:12 PM EDTUpdated Thu, Oct 23 20255:04 PM EDT
![]()
Melissa Repko@in/melissa-repko@melissa_repko
Key Points
In this article
- Target said Thursday that it's cutting 1,800 roles across the company, or roughly 8% of its corporate workforce.
- It marks the largest round of layoffs at the company in a decade.
- The retailer is fighting to get back to growth and poised to get a new CEO in February.
Follow your favorite stocksCREATE FREE ACCOUNT
A Target logo is displayed outside one of their stores on August 2, 2025 in San Diego, California.
Kevin Carter | Getty Images
Target said on Thursday it's cutting 1,800 corporate jobs as the retailer tries to get back to growth after four years of roughly stagnant sales.
It marks the first major round of layoffs in a decade for the Minneapolis-based retailer. It announced the layoffs in a memo sent by Target's incoming CEO Michael Fiddelke to employees at its headquarters.
The eliminated roles are a combination of about 1,000 employee layoffs and about 800 positions that will no longer be filled, a company spokesman said. Together, they represent an approximately 8% cut to Target's corporate workforce, according to the memo. Affected employees will be notified Tuesday.
The retailer announced the cuts as it nears a leadership change.
Target in August named Fiddelke, currently its chief operating officer and formerly chief financial officer, as the successor to longtime leader Brian Cornell. He takes the helm February 1.
Fiddelke has also overseen the Enterprise Acceleration Office, an effort announced in May, which looked for ways to simplify company operations, use technology in new ways and speed up Target's growth.
Target has been fighting a sales slump, as it tries to rebound from declining store traffic, inventory troubles and customer backlash. The company has said it expects annual sales to decline this year.
Its shares have fallen by 65% since their all-time high in late 2021.
Compared to retail competitors, Target draws less of its overall sales from groceries and other necessities, which can make its business more vulnerable to the ups and downs of the economy and consumer sentiment. About half of Target's sales come from discretionary items, compared to only 40% at Walmart, according to estimates from GlobalData Retail.
As a result of that and other company-specific challenges, Target's sales trends and stock performance have diverged sharply from competitors. Shares of Walmart are up about 123% in the past five years, compared to Target's decline of 41% during the same time period.
In a memo sent Thursday to employees at Target's headquarters, Fiddelke said the employee cuts will help Target make urgent changes.
"The truth is, the complexity we've created over time has been holding us back," he said in the memo. "Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life."
He said the cuts are difficult, but "a necessary step in building the future of Target and enabling the progress and growth we all want to see."
Target employees affected by the layoffs will receive pay and benefits until January 3, in addition to severance packages, according to a company spokesman. No roles in stores or in Target's supply chain were impacted by the cuts, the company spokesman said.
Read the full memo from Fiddelke:
Team,
This spring, we launched our enterprise acceleration efforts with a clear ambition: to move faster and simplify how we work to drive Target's next chapter of growth. The truth is, the complexity we've created over time has been holding us back. Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life.
On Tuesday, we'll share changes to our headquarters structure as an important step in accelerating how we work. This includes eliminating about 1,800 non-field roles — about 8% of our global HQ team. As we make these changes, I'm asking all U.S. HQ team members to work from home next week. Target in India and our other global teams will follow their in-office routines.
Decisions that affect our team are the most significant ones we make, and we never make them lightly. I know the real impact this has on our team, and it will be difficult. And, it's a necessary step in building the future of Target and enabling the progress and growth we all want to see.
Adjusting our structure is one part of the work ahead of us. It will also require new behaviors and sharper priorities that strengthen our retail leadership in style and design and enable faster execution so we can:
- Lead with merchandising authority;
- Elevate the guest experience with every interaction; and
- Accelerate technology to enable our team and delight our guests.
Put together, these changes set the course for our company to be stronger, faster and better positioned to serve guests and communities for many years to come.
Michael
So then what happens when Drumpf is no longer in office? The North remembers! Just because a "friendlier" administration is running things now, doesn't mean all is forgiven.They can't afford to stay on Drumpf's radar.
I don't like the move, but I get it. If they have any type of government contracts, if they accept EBT/WIC, if there is a possibility of them needing government approval (merger, tax loopholes, etc....)
Their legal or fiscal department figures its better to maintain course and not ruffle any more feathers,
"This (the backlash/ boycott) will die down as the econmy gets worse", "we just need to ride this out into the new" (fiscal year, quarter, next year projections....etc)
They're in between the people and Drumpf (a rock and a hard place), there is no clear cut "win" in this for them, but they do.havw a dury to their shareholders to try to mitigate the loses as much as possible....... staying on "good terms" with Drumpf with $Millions or $Billions at risk is a hell of a motivation to "mitigate."
Tell that to the people that have to pick up the slack from those 1800 people that did the work before.I was listening to someone earlier that lives in Minneapolis and has family members affected talk about how this should have been done years ago....Target should have trimmed the fat in the corporate office a long time ago, but with the drop in revenues and to make share holders happy, this was the easiest thing to do...
It does suck many people lost their jobs, but a lot of those folks were probably not doing any meaninful work over the past few years