Target is set to eliminate approximately 1,800 corporate positions in its first significant layoffs in a decade. This decision impacts around 8% of its headquarters team, as the company struggles with stagnant sales and seeks to reorganize under incoming CEO Michael Fiddelke. Reports indicate that around 1,000 employees will be laid off, with additional open roles being cut. This move is part of a broader effort to streamline operations and regain momentum in the retail market.