Target layoffs: Retail giant is slashing more jobs in 2026 as new CEO hopes to lift customer experience

Target Corporation has reportedly announced that it will cut about 500 roles at the company, partially in an effort to reallocate financial resources to boost the in-store customer experience.

The job cuts would be the second major wave of cuts that Target has made in the last five months, and come less than two weeks after the company’s new CEO stepped into the role. Here’s what you need to know.

What’s happened?

On Monday, media outlets including CNBC and MarketWatch...