TGT plans to slash 1,800 corporate jobs to streamline operations and revive growth amid mounting retail competition.
Struggling retail stock Target Corp (NYSE:TGT) is trading up 1.2% to trade at $95.42, after the company announced plans to layoff 1,800 corporate employees, or 8% of its workforce.
Alaska Airlines (ALK) restored operations after an IT outage grounded all flights, canceling over 220 and postponing its Q3 2025 earnings call. Target (TGT) is cutting 1,800 corporate positions, about 8% of its global team, to streamline operations and boost agility.
Target Corp. said on Thursday (Oct. 23) that it will eliminate 1,800 corporate roles, or 8% of its headquarters workforce, in its largest restructuring in years, a move designed to streamline operations and reduce costs as it battles waning sales and investor skepticism.
Target is cutting about 1,000 corporate positions and eliminating 800 open roles in an effort to speed up business decision-making and drive growth under its new chief executive, Michael Fiddelke.
As Target prepares for a new era with Michael Fiddelke at the helm, the retailer is reportedly cutting jobs in an effort to reduce the “complexity” that its new CEO says slowed down the company.
Incoming CEO Michael Fiddelke leads Target's restructuring effort to reduce complexity and speed decision-making, cutting 8% of global headquarters team positions.
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 U.S. is seeking leverage in its trade negotiations with China.
Papa John's remains a 'Buy' as the stock outperformed the S&P 500 and delivered strong returns since the initial recommendation. PZZA's turnaround is driven by a smart barbell strategy, menu innovation, loyalty program revamp, premiumization, and operational streamlining under new management. Apollo Global Management has made a $64/share buyout offer, valuing PZZA at a modest premium to historical M&A multiples, with a ~21% upside from current prices.
Ethan Allen Interiors faces inflation and housing market headwinds but maintains profitability through cost controls and a strategic domestic footprint. ETD may benefit from lower tariffs and labor costs in Honduras, supporting competitive pricing and mitigating industry-wide inflationary pressures. Strong liquidity, a debt-free balance sheet, and consistent cash flows ensure dividend sustainability and operational resilience for ETD.
Founded in 1869, Goldman Sachs is the world's second-largest investment bank by revenue and is ranked 55th on the Fortune 500 list of the largest U.S.