In a bold move to regain competitiveness, Target announces it will lay off 1,800 corporate employees, marking the first major job cuts in a decade. Incoming CEO Michael Fiddelke outlines the company’s urgent restructuring plan to address declining sales and streamline operations.
Target has announced Michael Fiddelke as its new CEO, effective February 1, as the retailer seeks to recover from a sales slump and regain Wall Street's confidence. With a focus on unique merchandise and improved customer experience, Fiddelke aims to turn the company around amidst rising competition and declining sales.
